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.

Wednesday, March 4, 2009


The indexes all closed up over 2.25%, considering the drubbing it's endured for the past 2 weeks or so. Since Feb. 13th the Dow lost over 14%, the S&P over 16% and the Nasdaq 14%. So a two-and-quarter gain isn't all too phenomenal, so it all depends on the follow-through. Today's 5-min SPY tape showed us a V-bottom early on right around our R1 pivot area. Through the afternoon vwap held support and the highs broke strongly, while it seems the late day sell-off was a result of hesitancy to hold overnight. Nonetheless, the close held up as a higher swing high.Our 20- & 50-EMA crossed over in a bullish way; follow-through or failure tomorrow?
Keeping with the double-bottom ("W") set-up, here's one from ISRG today:

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