20130318
Short 2 NQ 2776.25, 2776.0, +2.0 +3.0
Short 2 YM 14397, 14401, +6, -2
Short 2 NQ 2782.0, 2781.5, -0.25, -0.5
Short 2 TF 944.1, 943.9, +0.7, +1.5
Total NQ +4.25
Total YM +4
Total TF +2.2
Divergence and leadership can be useful for trend analysis. They can also be very tricky, especially in a market climate where rotation and froth rule action, often associated with tops. Be flexible throughout the session to shifts in leadership where what was formerly weak becomes strong and what was earlier leading becomes aggard. Trade what's in front of you. Resist the temptation for interpreting the market the way you wish it to be. Accept the outcome. Accept the day for what it is. It's offering you plenty of trade opportunity, although not perhaps in the way you expected it to be, or the way you'd like to see it. See it for what it is. Each market index segment should still fulfill a model in your trade plan before committing funds to a position. Stay disciplined. The market will tell you what it's doing if your methods have concept models that correspond. If market turns are occurring too often without a corresponding signal from your set of concepts, then your concepts and methods are yet incomplete, and you need to expand your understanding of available methods.
