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.

Monday, October 27, 2008

Chop Slop

The Asian markets sold off pretty hard over the course of their Monday session. It felt a little strange that we didn't have a reaction to that in either direction (no hard sell-off, no rally).
Q's, DIA, SPY all gapped down at the open, eventually to be filled.
Can you believe that selling in the last 15-minutes? WTF?!?
Here's the old standby QLD on a 5-minute chart:It looked a little cleaner today on a 500,000-share bar chart:

No comments: