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.

Thursday, August 19, 2010

50-day reject

Aside from price being now below all three key Moving Averages, and the curiosity brought up in THIS post, there is now a potential First Cross sell signal in the making on the SPY (just a fancy term used to highlight a confirmed lower high or higher low). The trigger would be a lower reading on the 3/10 line (histogram).

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