The laggard of this "recovery rally," the Dow Jones Industrial Average has officially tested the Lehman-Gap. It is the last of the four major indices to do so, and is officially the time to go short.
ha! just kidding! sort of ;)Watch the dollar for signs of weakness (in equities, strength in the Dollar).Zoom in a bit on that chart and look at the day the U.S.Dollar Index had yesterday:That's an 8-cent daily range! Talk about range contraction! Keep an eye on this one, it should get interesting.
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 email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.