It's no secret that the health care sector has been on fire recently. The XLV ETF is now up approximately 25% from its August low and is the leading sector within the S & P 500 over both the one-month and three-month periods. The percent move alone is impressive, but from our perspective, it's far more important to examine how it's gotten here — and from a chart standpoint, it has been textbook. We first highlighted this back in May , noting that XLV had just underperformed the S & P 500 on a one-month basis by the most in its history. That made the setup extremely rare and suggested the sector was potentially washed out. The next step was to look for evidence of buying and then see if that could evolve into a bullish pattern. It took longer than expected, but by late September XLV had for

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