I posted this monthly chart a while ago highlighting the fact that the 3/10macd had triggered a 2c short bias, which often preceded the beginning of a bearish cycle:
The looks to be potential at this point for a bullish momentum divergence which could cause a rally and quite possibly creating a Head & Shoulders pattern on this monthly chart (next summer?). Purely speculating of course. The downside support (should we trade under current lows) should be quite solid though and a rally off of that area wouldn't come as a surprise.
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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.