Olive 9:21:9
We got the green reversal and then a red pullback. An olive 9:21:9 flashed which suggests a resumption of the uptrend. This was supported by the following formulas:
BLENDED CHAIKIN MONEY VOLUME/ BLENDED A/D VOLUME <0; STOCH C26/D49 HALFPOINT (14)=1; SEVEN DAY LOW GRADIENT UPWARD REVERSAL(SEE: COMBO REBO, STOCH VOL, VOLUME:PRICE DIVERGENCES #23A-23B); TD REBO EXTENDED DOWN MOVE AFTER TD REBO NEAR-TERM UPSIDE PRICE EXHAUSTION WITHOUT PRIOR TD REBO EXTENDED UP MOVE
The four formulas also lit up on 4/13/12. The diagram reviews the last formula. They are based on Tom DeMark's work. Futures are down. Will look for a 5 minute HA buy signal sometime after 10AM today. Suspect that TNA will go up for two trading days and will then reverse.
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