Thursday, October 8, 2009

Still in Cash

TNA opened high, but it was a doji day. A top reversal candle occurred today. A two bar upthrust (i.e. TZA buy) needs to be confirmed tomorrow with a candle that both closes below and has its low below today's doji. See: http://instigator928.blogspot.com/2009/09/tna-two-bar-upthrust.html Today's candle type also occurred for TNA on 9/23/09, 9/9/09, 8/25/09, 8/13/09 & 6/29/09. Formation of a 2 bar upthrust only occurred in 2 of these 5 instances (on 8/14 & 9/23). The mean 2 hour FOSC Signal line are in divergence with the daily FOSC for both TNA & TZA. The mean 2 hour EMV for TZA is still signalling consolidation. Still in cash.

No comments:

Post a Comment