Thursday, October 1, 2009

Culmination of TNA Downlegs (updated)



A downleg is in progress for TNA. Waiting for the NASI to turn positive gives too late of an entry point into the next upleg. A drop in volume after a big down day is useful tip for entry. TRIN values may be useful if they drop. TRIN & TNA candles such as Dojis, hanging men or hammers are useful. Red TRIN candles & low TRIN values are bullish. Kagi, 3 line break & Renko signalled too late, but the 2 Day Gann Swing Chart gave a timely exit signal at the end of one of the downlegs.

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