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, May 4, 2009

Where we are

The more speculative markets (Nasdaq and Russell 2k) have been leading this counter-trend rally, so it's to these markets we should be checking on to see how much fuel is left in the fire.
While IWM has put in a lower high, the Q's have registered a momentum divergence (price has made a higher high, while momentum a lower high). We should be keeping an eye out for how this develops.
Are they just taking a breather while the Dow and S&P catch up?
30-min Q's and IWM:
90-min SPY, DIA, Q, IWM, respectively:

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