Thursday, October 15, 2009

Holding TNA


A Doji day, but TNA showed some strength as the day progressed. The Balance of Power indicator topped 0.50 late in the day, but retreated to 0.46. The Jake Indicator (a home grown one based on the daily TNA FOSC, daily TNA EMV, daily TNA demarker indicator & TNA candlevolume) flashed positive today. This indicator was also positive on 9/15/09, a white spinning top day with a 6.3% gain the following day. TNA was held because of the Jake Indicator.

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