Similarities between May 27th and August 27th.
1. Downtrending DEMA (blue) greater than red EMA greater than green MA.
2. Downsloping CCI entering consolidative range.
3. Awesome oscillator positive and just went from green to red.
4. Declining Klinger Histogram
5. TSI just peaked in low teens
6. Consolidating saw-tooth AD.
7. NASI %B(5,2) curving up to 0.24
8. Mild NASI uptick (green arrow)
9. Bottoming, flat NASI RSI
10. Prior day with similar Peak TSI Product
Note: %B "tells us where we are in relation to the Bollinger Bands and is the key to the development of trading systems via the linking of price and indicator action." (p.60). %b will equal 1.0 when prices are at the upper Bollinger Band. It will equal 0.50 when prices are in the middle of the bands. And it will equal zero when prices are at the lower Bollinger Band. As John Bollinger suggests, %B can be easily used to create simple trading systems - for example "Buy when %B is below 0.1 and sell when %B is above 0.9." (from Stockcharts.com)
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