Remaining Long Utilities - Market Analysis for Jan 16th, 2008

Remaining Long Utilities
By Mike Paulenoff, www.MPTrader.com

My overall work is telling me to remain long the XLU unless it breaks below the January 4 pivot low at 41.86. It is with that in mind that I intend to ride out this pullback ahead of the emergence of a new upleg that propels the sector to new highs in the 45.50-46.00 area.


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