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, March 15, 2011

updated pitchfork

SPY monthly with a confluence of two long-term paths:

Off of the '09 lows and up to the most pronounced swing high/low (price has failed to touch the mid-line, which Andrews theory would say makes price susceptible for a test of the lower trigger (white) line).

Keeping the purple longer term pitchfork and adding the intermediate yellow based off of the seed wave which this rally sprung from (also included is a sliding parallel)

No comments: