TZA DEMARKER INDICATOR: BUY TZA 3:38pm (UPDATED)

TNA Down Channel R21 is in progress. A Modified TZA Demarker Signal indicated a TZA Buy today. The Demarker Indicator compares the most recent price action to the previous period's price in an attempt to measure the demand of the underlying asset. This indicator is generally used to identify price exhaustion and can also be used to identify market tops and bottoms. This oscillator is bounded between -100 and +100 and, unlike many other oscillators, it does not use smoothed data. (Investopedia) Technical traders primarily use this indicator as a method of identifying the riskiness of the levels in which they wish to place a transaction. Generally, values above 60 are indicative of lower volatility and risk, while a reading below 40 is a sign that risk is increasing. The modified Signal utilizes 3 successive days of TZA Demarker Values in conjunction with 2 successive days of TZA Balance of Power values. For more info on the Balance of Power Indicator see: http://www.worden.com/legacy/TeleChartHelp/Indicators/Balance_of_Power.htm