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ELLIOTT WAVE  |  September 26, 2008
Financials Start Last Leg Down
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 complete bull market.

by Alan R. Northam

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