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.

Tuesday, November 16, 2010

SPY fork update

How about that pitchfork!?  An excruciating grind up and a quick profit-taking dump down.  Kind of like Nov.-Dec. '09 & April-May '10.  Rinse and repeat.  Not for nothing, but price surpassed the Lower Median Line by $0.06 before bouncing.

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