The day speaks for itself. Textbook "Buy the Rumor, Sell the News" type of day. There was an instance where it looked like we would rally (right around 11:02a.m.), but alas it was a complete fake-out (unconfirmed on the Q's). So, we're right around trend-line support. Either bulls buy in or bears take over.
SKF was a big winner today, adding $20 intra-dayFrom here? We either test the lows and hold, or it seems all the good times are past and gone...
All The Good Times Are Past And Gone (Album Version) - Hylo Brown & The Timberliners
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 email@example.com
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