pip_train

No US Market Crash until XLF reaches $26-28

AMEX:XLF   FINANCIAL SELECT SECTOR SPDR FUND
93 0 1
May get decent pullbacks on the way up, but I do not expect real selling until financials reach support lost from 2008 highs. I would expect to see distribution and momentum slow as we approach $28. If and when that happens, I would be looking to build a large short position in SPY             .
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