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.


Wednesday, May 20, 2009

GS

Just an observation; GS put in a momentum divergence as higher highs have not attracted higher momentum highs.Looking at the Volume pattern you see a huge spike followed by a drift up to new highs on decreasing volume. Makes me wonder if this could be an example of large holders distributing into the hands of "weak" buyers. Any thoughts?
It's important to watch GS as it's been a leader in this move up.

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