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.

Wednesday, October 27, 2010

long in the tooth

Price is beginning to yaw.  We're gaining less ground over more time.

From the July lows our advance has brought us up just over 14%

this was following a decline of over 16% off of the April highs and, before that, a 13% advance off of February lows.
The energy is fading (not to say a renewed energy couldn't take price up for another wave).  It has taken 79-days for price to come this far off of it's correction lows;  compared to 56-days up and 50-days down (can you say cycle?).

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