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.

Saturday, December 4, 2010

weekly charts

Some strong weekly performances and the close of this monthly bar is going to be a clincher

WYNN - flagging on top of it's 61.8% Fib. Retracement

IYT - Transports are closing in on their all-time highs

X- put in a strong advancing move this week

FCX - Bullish Advance Block method pattern, 14% off of all-time highs

CAT - broke out of $85 resistance in a big way
I just don't get this the parabolic move of CAT really justified in terms of fundamentals?  Not that it matters, but still curious

NFLX - having trouble with $200, but we've seen this selling result in squeezes higher time after time.

AAPL - doesn't look like a topping pattern to me

GOOG - I guess it's conceivable that this is a double top, but the buying tail may hint at lower price support while a break of the most recent bars high could be actionable

CREE - closed outside of this channel, first step in a bull flag breakout?

Silver - bye bye...lifting off

Copper - I mean, come on!

Dollar Index - interesting...wonder what would happen if equities and the dollar start trading in lock step

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