Monday, September 23, 2013

DARK GREY 11:20:02

Failed dark grey 10:19:10, although a new low was put in. Pre-market TZA purchases were sold out at a nice profit. Today's EOD print was DARK GREY 11:20:02. Only two prior occurrences (4/20/2012 & 5/10/2012)since August 2011, both were red resumptions during downlegs. Supporting formulas: 1. EquiVolume BLENDED BULLISH HARAMI 2. NEGATIVE A/D VOLUME & 3. DAYTIME LOSS THAT WAS LESS THAN NIGHT-TIME CHANGE, OVERALL CHANGE GREATER THAN PRIOR OVERALL CHANGE, ABSOLUTE OVERALL CHANGE LESS THAN PRIOR ABSOLUTE NIGHTTIME CHANGE. Expect a down day 2moro. Tomorrow's print may tell whether the downleg continues.

No comments:

Post a Comment