XLF to $20.70-$22.20
Carl Futia posted a blog entry today mentioning that today is 2011.45 on the Martin Armstrong Model...
http://carlfutia.blogspot.com/2011/06/martin-armstrong-day.html
Armstrongs 2007.15 turn nailed the top in the XLF. As of this date, the XLF has been tracing out over the last 7-9 months a very bullish pattern the "rounding top". Completion of this rounding top near todays Armstrong date should be watched.
To determine the target of rounding tops, just double the range of the dome which is pointing to the $20.70-$22.20 range. This ETF looks like a strong buy...(currently sitting at about $14.88)
A better play would likely be speculating in the group leaders of JP Morgan (JPM) and Goldman Sachs (GS) both of which charts also showing rounding top.
http://carlfutia.blogspot.com/2011/06/martin-armstrong-day.html
Armstrongs 2007.15 turn nailed the top in the XLF. As of this date, the XLF has been tracing out over the last 7-9 months a very bullish pattern the "rounding top". Completion of this rounding top near todays Armstrong date should be watched.
To determine the target of rounding tops, just double the range of the dome which is pointing to the $20.70-$22.20 range. This ETF looks like a strong buy...(currently sitting at about $14.88)
A better play would likely be speculating in the group leaders of JP Morgan (JPM) and Goldman Sachs (GS) both of which charts also showing rounding top.
posted by chartblog at
11:18 AM
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