Thursday, April 8, 2010
CP Day Today
TNA was bought late in the day yesterday because of a MODIFIED TRIN ABSORPTION BOTTOM BUY TNA signal. TNA subsequently ran up quickly so profits were taken until the closing bell stopped the selling. Some TNA postions were still held at today's open. These shares were sold at a profit towards the end of trading. TNA ultimately closed down so the MODIFIED TRIN ABSORPTION BOTTOM BUY TNA was deemed a failed signal for the trading day. The following signals flashed at the close: MARKET PROFILE TRENDING AM; DEMAWT NEXT DAY CP; TICK/TRIN OPEN SELL TZA; MODIFIED TRIN ABSORPTION BOTTOM, TZA DAILY FOSC 10D RATIO & TZA BLACK CANDLE BUY TNA; TNA DEMA CALCULATION-TICK REDWHITE CANDLE-TZA PLDOT OR TICK TRIN CLOSE BUY TZA The latter signal has been the most consequential thus far. TZA postions were established.
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