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 firstname.lastname@example.org
As I have been posting less frequently I am open to questions/comments/suggestions
Thursday, March 18, 2010
nothin goin on
Not much to say...the only observation I have at the moment is a potential bearish Wolfe Wave in the intra-day DIA:The large volume surge into the #5-point "sweet spot" fits the MO...whatever. The target would only put it to a gap fill left from Tuesday's gap up.