Review of the last 4 complex NASI Tops suggests that holding TNA at this time will result in more than 5-23% further upside. The initial price run up prior to the 1st NASI Top is associated with TNA Buy Signals on both the DAILY & WEEKLY Charts. Ultimately the DAILY TNA chart flashes a sell, but the WEEKLY TNA Chart still has a Green AO, Rising TSI & Rising RSQR. During this period the DAILY TNA RSQR falls (loss of TNA trend during a consolidation period). Ultimately a new DAILY TNA Chart RSQR Saucer is formed as the 2nd NASI Top is being formed (i.e. at the onset of the 3rd NASI Leg). A new Complex NASI top MAY be forming now. If that is the case...a new TNA DAILY Chart Saucer may form on Monday to begin the 3rd leg up, and further gains for TNA. Despite Saucer formation on the DAILY Chart, TNA Buy criteria is not met because of a falling TSI & Red KH. Completion of a Complex NASI top is followed by TZA time...
(Note: During the two instances where the NASI formed a Single Top (1/15/10 & 8/6/10), the TNA WEEKLY Chart did not meet Buy Criteria and the TNA DAILY Chart flashed a Sell.)
The lowest chart is a comparison of the Complex NASI Tops by Daily VIX & TNA Elder Impulse Patterns, Weekly TNA Candlesticks & Heikin-Ashi, and Daily TNA Heikin-Ashi. The current pattern is similar to the 8/09 & 4/10 patterns. TNA is approaching the Middle Bottom...then we get the final run-up...
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