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, October 9, 2012

Tue. 10_09

Spent the first 80-90-minutes bouncing between the Open and the overnight lows until selling lower.
Not much to do in between 10:30-2:00

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:   

Advance/Decline tried to recover the zero-line but ultimately failed.  Up/Down Volume trended negative right out of the gate.

Two shorts taken (blue arrows).

Daily was very stubborn breaking that trend line around $144.50

The QQQ leading this decline, completely giving up the 50-day MA

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