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.

Sunday, October 25, 2009

RIMM's week ahead

RIMM hasn't been able to get much upside momentum going for it after a disappointing earnings season left it with a 20% haircut.
Looking at the weekly chart and one is tempted to get immediately bearish with that flag setting up:
However, notice that RIMM on the weekly is sitting on top of a 200-MA. While on the daily, yep, another 200-MA! $65 is the line in the sand.

1 comment:

Stewie said...

RIMM is sitting dead on the 200 day MA, a break of that and look out beloooowwwwwww! :-)