this is a first attempt at MA200...and quite expectedly, given that we are in a long term downtrend, that this attempt is failing (at least today)... however, given all the weak financial situations (Freddie, Fannie, ABS buy backs, SEC's probes, etc), it is still amazing that XLF has risen to where it is....and yet still actually showing some strength.
the sellers of financials have either dried up or decided it is high risk to short financials, the fact remains that the sellings have slowed drastically.
as soon as XLF breaks out of MA200, this can be a very bullish signal for funds to enter Long into financials...
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