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, December 9, 2010

some pitchforks

GOOG....resistance at the midline

NFLX - most recent momentum impulse, didn't quite tag the midline

XLF - squeezed back inside and looks to be wearing out on this second test of a gap

AMZN - broke it's midline this morning

SPY - just can't seem to make it back to the sliding parallel line, try as it might

DIA - never tagged it's midline.  Is this a double top waiting to be resolved, or a pause before popping back up to the lower median line?  The key reversal day was telling everyone to take profits, but downside has been delayed so far.

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