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, November 15, 2009

Chart for the Week

Looking ahead this week it will be very interesting to watch the Dow Jones Industrial Average and how it will deal with the confluence of overhead resistance.
Similar resistance above for the Dow Transportation and Utilities Index. Curious thing about these two is the Right-Angled and Descending Broadening formations taking shape (a bullish pattern).

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