Saturday, April 24, 2010

Feb 22nd-part two

The TNA PLDOT calculation utilized is ROUNDDOWN((((AVERAGE(BQ330:BS330)+AVERAGE(BQ329:BS329)+AVERAGE(BQ328:BS328))/3)-BQ330),2)...so the PLDOT minus TNA CLOSE is being calculated. The true PLDOT calculation is the mean sum of the average (i.e. mean) TNA close, high & low for three straight days. So if TNA starts at 0 and goes up one point a day for 3 days and the high-low range was one point each day (lets say it opens at its low and closes at its high) the TNA PLDOT =(AV(0+1+1)+AV(1+2+2)+AV(2+3+3))/3=(2/3+5/3+8/3)/3=(15/3)/3=5/3. The PLDOT CALC for the 3rd day is 5/3-3=
-1.3333 (i.e. the PLDOT minus the 3rd day's close). In the days leading up to the Black TNA Hammer, the TNA PLDOT (CALC) was negative and rising. The gap between the PLDOT and CLOSE was narrowing each day as TNA was stalling out. The TNA PLDOT CALC was -.51 on the Black Hammer day. It was -0.75 the day before and went up to 0.98 in association with TNA's fall on 2/23. The TNA DEMARKER PARALYSIS also suggested a stalling in TNA's movement. TZA & the VIX were in a downtrend by 3 day Gann Swing Charting suggesting that the move down might be temporary. The Waldo VIX 6A also suggested a temporary VIX bottom (The VIX went up as TNA declined on 2/23 but then resumed its fall). The stalling TNA Black Hammer was associated with low TZA volume (and TNA volume). Volume spurted up the next day.

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