We are neither in an up (yellow) nor down (red) channel. These consolidative periods (CP) usually last 1-3 trading days. Since TNA began trading in 11/08, there were 38 consolidative periods. One lasted 4 days, one lasted 5 days, and three CPs lasted over six days, with the rest lasting three days or less. The last CP for TNA/TZA was 11/10, 11/11 & 11/12/09. TNA closed at 41.8 on 11/9 and closed at 39.46 on 11/12. TNA declined by 5.6% during this CP whipsawing.
1930s Slush CWV12A MIDGET COUPE RACER made by Charles A. Wood
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