Here are some headlines from today...Is all this news "priced in" ??
- foreign trade slows (but along analyst expectations, and not factoring in the recent strength in the U.S. Dollar).
- government deficit soars to $237.2-billion; $5-billion more than estimated
- jobless levels approaching the highest levels of the 21st century: "Excluding the $21.5 billion investment in Fannie Mae, Freddie Mac and the $115 billion investment in major banks."
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 toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.
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