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.

Tuesday, December 8, 2009


Quite a range we have here. Today the SPY bounced at the previous week's open:SPY broke down from an ascending wedge this morning:The Financials (XLF) look to be sitting on a precipice here, bounce or drop?And while the Energy sector (XLE) is setting up in a bullish wolfe wave you can also argue that it just broke down from a Head & Shoulders pattern, in which case a measured move could bring it back down to the $50 area. Perhaps this sector will depend largely on the direction of the dollar.
The U.S. Dollar Index found support at the 78.6% fib retracement

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