Wednesday, September 29, 2010

Still Bullish for TNA




Weekly TNA Kagi finally went positive. Daily TNA 3 Line Break laid down another white brick today. Daily TNA Kagi, Daily TNA Renko and $NASI are all still positive. The TNA Blue DEMA is above the Red EMA, which is above the Green MA. The CCI emerged from the consolidative range four days ago. The AO turned green again. The Klinger Histogram went positive (light grey oval). The Demarker still has room to rise. Most importantly, the TNA TSI is still rising. The R-squared is over 0.6 (trending). It looks like we are in the midst of TNA Run 23. Be careful though: the Bank Index is falling apart. FAZ did better than FAS today. The AAPL TSI has been falling for the past two sessions.

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