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
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Tuesday, September 15, 2009


This sector looks tired and ready to roll over perhaps. Possible Head and Shoulders pattern with the neckline 5% away.Here's XLF vs. SPY. The financial sector and the S&P have nearly mirrored each other the entire way. Today the SPY registered a new closing high while the financial sector (XLF) pinged the highs and closed lower.Not to mention the tweezer candles on the daily chart:

1 comment:

Spencer said...

Nice chart. Ticker posted his XLF analysis this afternoon