Friday, June 25, 2010

Nice Up Day for TNA


Three TNA Buy Signals rang in the late morning: 10="REVERSE AO SAUCER RUN:" during the 11:10 period, 5=KVO TRIGGER CROSSED UP OVER ZERO, KVO LINE ABOVE TRIGGER, THUS AQ [(J-K)/K] WENT FROM NEGATIVE TO POSITIVE, KVO LINE RISING during the 11:30 period, & 11D= LOWER 3 PERIOD OPEN TREND [BP]:HIGHER OPEN(D) BEARISH DIVERGENCE POSITIVE REVERSAL during the 11:20 period. The formula for the latter signal is: AND(D1194>D1192,D1193>D1194,BP1194BP1192,H1194>-0.323,H1194<-0.229), where D is the Open for the period, H is the Awesome Oscillator and BP1194=TREND(D1192:D1194). The Target Price for this divergence was =ROUNDDOWN((D1193-D1192)+D1194,2)=42.41. TNA opened the 11:20 period at 41.86 and reached a high of 42.44 during the 12:10PM period for over a 1.3% gain. More information about calculating divergence target prices is available in Constance Brown's book in Chapter 8.

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