Friday, October 1, 2010

TNA Intermediate Trend Still Up





TNA Run 23 is still in progress. The TSI continues to rise on the daily TNA chart. The blue DEMA is greater than the red EMA which is greater than the green MA. The CCI Divergence has not played out (yet). The CCI closed at 116.28 on the daily chart (see: http://instigator928.blogspot.com/2010/09/outcomes-of-selected-tna-runs-with-cci.html). The AO is still rising (green). The KH is white & rising. The R-squared closed up at 0.7, suggesting that the trend continues. Consolidation (without breakout) has continued for 9 periods after peak AO/KH Concordance occurred on the 90min chart (see post below). The CCI closed at 96.88 and may be itching to cross up above 100 for 2 successive periods. That would lay a Peak AO/KH-related Post-consolidative Reversal to rest. The $NASI is still positive. TNA 3LB and TNA Renko each laid down another brick on the daily chart. The daily TNA Kagi, weekly TNA Kagi and weekly TNA 3LB are all bullish. P&F had an ascending triple top breakout with a price objective of 73. Plan to get the Baron out this weekend.

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