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.


Showing posts with label dow 10k. Show all posts
Showing posts with label dow 10k. Show all posts

Friday, February 12, 2010

Dow 10k....again

It's a choppy pivot area...remember October?
Price rallied off of this level 5-times before selling off, only to charge at it again two weeks later, crashing through it like a freight train!
So far, 10k has acted as resistance once and rallied off the level on 3 occasions in as many days.