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, October 18, 2012

Thur. 10_18

Tested above and slightly below the previous day's high and low.
The overnight midpoint ($146.01) acting as a bit of a pivot today, as well as the overnight low and the opening swing range.

Advance/Decline oscillating around the zero-line for much of the day.  Up/Down volume mostly negative all day

The past two days have been showing higher highs and lower lows, or what may be a broadening top.

No comments: