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.

Wednesday, August 29, 2012

some charts

Choppy end-of-month (and pre-holiday) price behavior.  So here are a few charts.
First, a weekly of the SPY showing that we're essentially rotating inside the real-body of the previous week's high-wave doji.

Seeing an inverse H&S (which is what the 3d setup often highlights) on the higher time frame with over $142 being the actionable neckline.

Finally, a look at the 20-day percentage performance of the sector-ETF's; XLK & XLY continue to hold up well.

No comments: