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, July 16, 2010

SPY Channel

Remember the Lehman Gap?
Price does: Price has been rotating around this zone practically since the flash crash. After building price acceptance in this zone for an extended period of time (which we've been doing) I would think an extensive move away from it (one direction or another) could be reasonably expected.

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