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, October 21, 2009

Resistance becomes Support

Two incidents of RbS recently.
USO broke out (and found support on) resistance, a measured move would put it in the $60-range.Meanwhile, on a faster time frame, the DJIA tested previous resistance (and important psychological number; 10,000) yesterday and found temporary support. That round number will be an important pivot point going forward.

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