Friday, October 1, 2010

Peak AO:KH Concordance Predicts Consolidation




This is not an immediate top. Peak positive successive green AOs (followed by at least 2 red AOs) in concordance with peak KH was followed by at least a 5-period consolidation (not reversal) in all 14 instances studied. The top chart is the 5 day TNA 90 minute chart. The concordant peak AO & peak KH are both highlighted with blue ovals. A consolidative range has followed so far (absolute CCI less than 100, flat TSI & Demarker lines and a falling R squared). The blue and tan tables summarize the 14 instances. The post-consolidative breakouts went either way with varying intensity (data not shown).

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