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.

Monday, November 2, 2009


A lot of long-legged doji's and high-wave candlesticks printed on today's daily charts. In other words, the markets seem to be neutral, or in a period of indecision.
A lot of key issues sit right on (or near) key support at oversold levels. Do we bounce or continue down? Notice how all of these support levels sit right around whole numbers, and for the most part, have higher (or nearly equal) swing lows at this point):
IYT:PSI; filled the gap:

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