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, December 9, 2009

AIG bounce

AIG pulled back from a precipice today:Check out my previous post on AIG for some interesting charts regarding the underlying support pivot.
Currently we're basing at this $29.50 61.8% retracement level.
Waiting to see how strong the bounce is off of $29.50 today. The previous bounce wasn't as strong as those previous.
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