Saturday, September 18, 2010

After Pullback, Forceful Resumption of S&P Rise














From stockcharts.com: "Developed by Alexander Elder, the Force Index is a price-and-volume oscillator that helps technical analysts determine if a stock's trend is strengthening or weakening. The raw Force Index is calculated as the difference between today's close and yesterday's close times today's volume. Because the raw Force Index is so choppy, many people use an EMA to smooth it. The 13-period EMA is the most popular choice for smoothing the Force Index. Like all oscillators, the Force Index generates buy and sell signals when it crosses its center line. Trendlines can also be used to determine the direction and strength of the indicator's current movement. When the Force Index is setting new highs, the stock's current uptrend is likely to continue."The TNA Force Index set new highs in conjunction with the TNA Kagi Thick Black Line zooming straight up...

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