ARTICLE SYNOPSIS...In past market tops, the financial sector has turned down first. It happened in the October 1987 meltdown and again at the 2000 top. So how has the financial sector been doing lately?
ARTICLE SYNOPSIS...By casual observation, XLF looks like it is forming a double bottom, but don't be taken in. XLF has found some short-term support, but the main trend is still down, and here's why.
ARTICLE SYNOPSIS...The Financials Select Sector SPDR (XLF) made a market top in May 2007 and has been trading in an ABC zigzag market correction pattern since. It now appears that XLF has started the last leg down of the market correction that is correcting the previous co