Saturday, April 24, 2010
February 22nd Revisted
The following signals rang at the close on 2/22/10:TNA BLACK HAMMER-TRIN>TNA>TZA TD REI-TZA>TNA PLDOT-NEGATIVE TNA PLDOT, TZA REDWHITE SHOOTING-TNA>TZA TD REI-VIX>TZA PLDOT-RISING TNA & TZA TD REI-RISING TNA PLDOT-FALLING VIX PLDOT, LOW TZA CLOSE*VOLUME-TRIN PLDOT OR VIX BOTTOM BREAKOUT, TNA DEMARKER PARALYSIS, TZA REDWHITE CANDLE (fighting it's way up), TNA BLACK CANDLE (stalling out), TNA HAMMER, DOWNTREND TZA/VIX GANN 3D SWING(should get a short blip), WALDO VIX 6A(temporary bottom) & low TZA CLOSE*VOL 10D RATIO BUY TZA. TNA formed a black hammer (it closed higher than the prior day but lower than the open towards the top end of its trading range). TZA did the opposite (shooting redwhite candle). The TNA TD REI had been rising because TNAs rise was starting to dissipate. The REI calculation used is =(100*((BR330-BS330)+(BR329-BS329)+(BR328-BS328)+(BR327-BS327)+(BR326-BS326))/(MAX(BR326:BR330)-MIN(BS326:BS330)))...so if over a 5 day period,TNA went up a point a day and also had a one point high-low range, the TNA REI would be 100*(1+1+1+1+1)/5=100. If TNA went sideways for 5 straight days (i.e. 5 CP days in a row with alternating up & down days)and the daily high-low range for TNA was still one, the TNA REI would be 100*(1+1+1+1+1)/1=500. The TNA TD REI on 2/22 was 148. The day before it was 121. TNA was going up good but then started stalling out. Thus, the black hammer and rising TNA TD REI. The next day TNA dropped by 3.5%. The TNA REI went up to 235 that day.
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