Thursday, June 17, 2010
Two More Examples
The AO Tracker Excel Sheet requires input from the TD Ameritrade Think or Swim Platform every 10 minutes for TNA. The 10 minute chart revealed 3 downlegs that alternated with 3 uplegs today. The 2nd TNA downleg occurred between 11:50 AM and 12:50 PM (i.e. for six 10 minute periods). TNA sell signals rang during and at the culmination of the 12:10 & 12:20 periods. The 1st signal was: 14Z=NEGATIVE CMF ALTERNANS (above and below zero), RISING KVO TRIGGER LINE, ABSOLUTE [(PRIOR J)*(J-K)/K*(J-PRIOR J)]>0.569 and the 2nd signal was: 13Z=CMF CROSSED DOWN INTO NEGATIVE 2 PERIODS AGO, CMF REMAINED NEGATIVE & AO GREEN IN THE PAST PERIOD, CMF<0 THIS PERIOD, THIS PERIOD OPEN < PRIOR PERIOD OPEN. CMF is the Chaikin Money Flow. J is the KVO line and K is the KVO Trigger Line. AO is the Awesome Oscillator. TZA was purchased when the 1st signal rang and was sold 20 minutes later for about a 1% gain. It was a good 20 minutes work.
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