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.

Friday, January 24, 2014

as "expected?"

This is exactly the reaction you would want to see with the previously posted weekly IWM pitchfork chart.  The Upper Median Line giving resistance.`

zoom in for a closer look; previously the Intermediate pitchfork gave some resistance on initial tests.  A larger correction wouldn't be a surprise, the flip side would be an all-out climactic rally outside of the pitchforks.

The QQQ had a similar pullback as it approached the upper median line but broke out weeks later

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