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.


Friday, August 13, 2010

bonds up

TLT bullish Wolfe Wave shaken, not stirred:

from 07/31/2010:
TLT above $100 and looks to have just bounced out of the sweet spot of a bullish Wolfe WaveFound support at the 50-SMA (and a pitchfork mid-line) before gapping up to it's 20-MA (and the Upper Median Line).This weekly is somethin' else! Price coming back into the +$101 level could spell out some uncertain times for equities (read, volatility).

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