Tuesday, December 8, 2009
Mixed Signals
Three signals flashed at the end of the trading day: R FACTOR DEMAWT CALC SAME DAY CP, R FACTOR DEMAWT CALC SELL TNA & TICK R FACTOR JUMP'N ONE. The first (same day CP signal) may be the best since TZA went up today, TNA went up yesterday and today's TNA Candlevolume EMV (Ease of Movement) calculation was low (-32). The JUMP'N ONE signal would suggest that we have one more day of a TZA channel. The SELL TNA Signal would be an indirect way of supporting this notion. The two sets of signals would suggest opposite positions (TNA vs. TZA, respectively). It was decided to stay in cash. Let's see what comes up on tommorrow's radar.
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