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.

Friday, April 30, 2010

Month end

April finished the month selling off of significant Fibonacci Retracement numbers.
The Dow Jones Industrials tagged the 61.8% level before selling and closing in a shooting star candle.
The S&P500 came just shy of tagging its 61.8% giving a similarly bearish candle as that of the Dow.
The Nasdaq Composite retreated from a 78.6% retracement
And similarly, the Russell 2000 sold off from its 78.6% retracement

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