Tuesday, May 29, 2012

Rainbow Reverse

Market took a dive on weak data but recovered.

Market Signals were very strong, even during the pullback.  All sectors were green which is highly unusual.  However, the best entry still required patiently waiting for the Moving Averages to fan out and the downtrend line to break.

/tf offered about a 50  - 60 tick move with no heat -- even entering as late as the chart shows.

/tf rips, dives and rips again. 

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