We sold off something like 300 points on the Dow in the last 15 minutes of the day. Check out these two charts of the Dow Jones Industrial Average and the S & P 500, notice the similarities in the two? In the past 2 1/2 weeks we've had two enormous rallies that were followed by bearish looking "consolidation" down day candles. We're still stuck in a range and we're not getting the conviction follow-through from these +800-point rallies.
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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.