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, August 17, 2009

Correction mode

The SPY gaped down (almost 2%), moved sideways ALL day long, and slipped a little lower towards the close.
The dollar gained more ground today:A shame we were given the shaft with such a steep gap down and no follow-through. A trend day down was apparently too much to ask.I don't really have much to say about today's session. I didn't take any trades today, options expiration is Friday, and I'm a bit preoccupied these days with the big move on the near horizon.

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