Friday, March 23, 2012

wrong:

market drops at the open  --   IBD list weak...

tf hits new lows but XLF is green - and then rallies 60 ticks -- not on board even after the TL break.


Gotta think contrarian.


oil and coals and XLF were all suggesting a bounce  despite the obvious weakness. 

 LESSON: MUST PAY ATTENTION TO DIVERGENT SIGNALS -- they matter most.

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