The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at
I am always open to questions, comments, or suggestions on how to improve this blog.

Tuesday, September 2, 2008

sell it!

It looks like there was a type-o in the memo that went around Wall st. this morning. The memo probably read something like " we're going to have a stupendously bullish rally."
Then, just before lunch, everyone heard that the memo was supposed to read, " we're going to have a stupid bullshit rally." What it left us with was a massive sell-off and gap-fills across the boards. Seriously though, that was a pretty spectacular sell-off. From what I was watching the Russell2000 (IWM) and the S & P led the way down this morning, while the Dow put up quite a struggle to stay afloat.
Whatever chart you look at (of the indices) the line is drawn in the sand. We finally saw a volume surge today with very bearish undertones. We could either fall off the edge tomorrow, or get some choppy indecision. Get ready for some volatility to start off Q4.

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