$NASI had another down day. Today was the 12TH day of Consolidation for TNA (absolute CCI less than 100). All those Yellow Ovals are BUYING PRESSURE Bars on Low Volume: The Big Boys aren't buying. I wonder who is buying the market?
Classroom Dummies courtesy of Ed Rothstein (NY Times).
Hi there, i've been reviewing your NASI parameters and charts. It seems that CT1 will always be followed by CT2. Similarly for CB1 and CB2.
ReplyDeleteIs this always the case? Were there exceptions historically? Am a fan of your work. Thanks :)
Yes, No.
ReplyDeleteYou either get a Simple Top (ST-yellow) or Complex Top (CT 1-green, Middle Bottom-light blue, then CT 2-dark blue). However BTs & UTs can give subsequent market rises.
You either get a Simple Bottom (SB-pink) or Complex Bottom (CB 1-dark red, Middle Top-dark brown, then CB 2-red).
Ah I see. Really enlightened me. The market seems like it's refusing to drop, even though $NASI is racing down.
ReplyDeleteany thoughts? Would the market catch up with $NASI?
Usually it does. Nothing is 100%.
ReplyDelete