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, December 8, 2008

Buyers are certainly present in the market. The Q's gapped up and stalled at resistance. Not to say the the bulls aren't skittish to sell at the first sign of exhaustion. A gap down tomorrow could lead to a evening star reversal formation, so we should be on guard. Otherwise, an upward target could be the 50-EMA on the daily charts.

No comments: