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 toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Wednesday, October 7, 2009

curious

WFC has rejected a close above $29 for many weeks now. Will it succeed in these next two days with the 200-MA overhead at $30.50???? Take a look at the weekly chart (notice momentum looks ready to push upward if it's able to hold strong into the close on Friday).
Check out the daily....a moment of truth for WFC tomorrow and Friday.

2 comments:

Jules said...

Looking at the title, I thought for a moment that you were going to tell us something about your life, Todd. LOL!
Hope you've been well. How's your new home?

todd said...

Now why would anyone care about that?? It's all business around here ;)
Things around here will take some getting used to (especially with snow in the forecast for this weekend!). At least I'll be able to focus on my work!
Thank you for asking Jules, good to hear from you and I hope all is well with you!
-todd