Wednesday, December 28, 2011

Financials Update

An example of what I expect short term and longer term using XLF.

 Short term positive divergences have stabilized the downside in the market, now we have a decent bounce positive divergence.

 However on the 15 min chart above and 30 min below, too much damage has been done, thus I'll use strength to short in to.

Look at this leading negative divergence, 2 days wiped out the entire bounce.

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