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
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Wednesday, August 14, 2013

another look

Should we open lower tomorrow; thinking selling brings us in to $168, if that gives we have some clear air until $167.  Maybe looking at a trend day.
Invalidated should we open over/around $169.60.
This week's Open was $168.46, maybe we open around there tomorrow morning and see the selling try for a red closing week.  So maybe we get a test to see how serious the momentum gets.

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