Monday, July 2, 2012

12:15:05

Day traded with 5 min HA & CCI. Sold TNA after today's run-up since: 1. Today's 12:15:05 print is bidirectional. 2. BALANCE OF MARKET POWER DEMARKIAN OSCILLATOR =100 (USE RED/GREEN PULLBACKS: NOT A RED/GREEN REVERSAL) lit today, suggesting that any down day 2moro will represent a pullback rather than a red reversal. 3. the latter signal has been associated with Downward Market Profile days (unremitting down day). Friday's print turned out to be part of the 31:13:29/4:20:29/29:37:29/9:20:9 (3,8,11,26)complex.

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