Saturday, September 19, 2009
"Inside Down" Did Not Develop for TNA, URE & FAS
A long red candlestick body closing below the large white candlestick (dashed blue line) did not occur. The Bearish Harami did not become an Inside down. See: http://instigator928.blogspot.com/2009/09/relatively-reliable-candlestick.html & http://instigator928.blogspot.com/2009/09/ure-fas-tna-all-develop-high-priced.html
There was no confirmation of a reversal. The Wilder's ADX is still trending up (black arrow). The Aroon is still favorable with a high DI+ (light green arrow) & a low DI- (red arrow). The Parabolic SAR is still below the candles (blue arrow). Only the RSI is getting toppy (dark green arrow).
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