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.


Tuesday, October 25, 2011

INX

Striking similarities between the S&P500 now compared to March-May '08.  Nearly identical 3/10 macd pattern with a short-squeeze rally in a bearish market (if one were to consider price under a 20- & 50-MA).  All coinciding with the 1256 level; Support turned Resistance.

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