TYP Almost a Buy by Momentum/Trend Indicators

Already have a Green AO, White KH & Rising TSI. Need CCI to go up over 100 and the development of an RSQR Saucer. This may happen tomorrow in view of another down NASI day today. No-Tech Chinese Paper Wind-up Bird.

VIX & TICK Aroon Diamonds

Diamond Dove.

TNA Chart

$NASI had another down day. Today was the 12TH day of Consolidation for TNA (absolute CCI less than 100). All those Yellow Ovals are BUYING PRESSURE Bars on Low Volume: The Big Boys aren't buying. I wonder who is buying the market?
Classroom Dummies courtesy of Ed Rothstein (NY Times).

Renko vs.Aroon

There was concern that the $RUT/TNA black brick laid down by Renko & Kagi would mean an end of the current $NASI downtrend. A review of 10 years of $NASI/$RUT charts revealed that opposing bricks can occur with DTs, BTs & UTs for Renko, Kagi & 3LB. Indeed, a DT recently (July) caused a red brick on Renko (see top chart). The current NASI Aroon reveals a BT Consolidative Channel. Consolidation is typical for these Backtests. The middle chart displays the 2002 NASI Aroon Consolidative Channel. It was followed by an Uptick and then a 20% drop in the $RUT. 2001 & 2002 were interesting years. Each year had a triple triangle drop by NASI ATR/Slope(see bottom chart). Expect more down...

Going Down

Another nice red NASI day. The Complex Back-test is probably ending. The BT was a consolidative period that resulted in whipsawing stock prices. The Complex BT in 2000 was huge and resulted in a rare ATR-Slope Triangle.

Complex BT?

NASI still red.

New $VIX:$CPC Red Bar less than 20 today. (see: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsxApxxm5QQS7EOerd2z_fu7w8FXnlwR5op87qW29EbIqkC3yN7qAFx5hLr4avdR5rED-eKQBk6QAdKbfWNfBUObPvsChmX71sLJi2q1zdoex0EQxCXgg7HZjMZ5-F-QbGEBLb9NoaApo/s1600/VIX-CPC+Ratio.png)

EUO (Euro 2x Bear) still rallying.

BT Completion by TNA Elder Impulse, $NASI %B (5,2), $INDU:$NAHL RSI & NYDNV/NYUPV

NASI Bottoms & Ichimoku Clouds

Another NASI down day. NASI ATR is useful to differentiate between NASI Top types (simple vs. complex). The Ichimoku Cloud helps with Bottom differentiation.

UUP & EUO in the Clouds

The DAILY EUO & UUP charts have had Buy Signals by momentum/trend indicators since 11/11 & 11/12, respectively. After CT 2 was completed the blue Conversion Line passed up through the red Base Line. The latter flattened during the NASI BT (this was associated with the ETF bouncing along the bottom of the cloud). Today both ETFs began trading well within their respective clouds. A break through the cloud would further confirm the bullish dollar trend.
It's a Lesser Frigatebird...

$NASI Parameters

Hoop's Ride

There's sailable ice in Finland

Daily TZA Chart

Chart exhibits multiple Falling Pressure Bars, a Twin Peaks Buy Signal, KH Buy signal, consolidation on CCI (absolute CCI less than 100), flat consolidative TSI, and flat & low non-trending RSQR values. It would be desirable for the CCI to exceed 100 and the TSI to rise for 3 successive days while the RSQR forms a new saucer. Tomorrow will tell if the $NASI Backtest is really over and the downleg resumes.

NASI Backtest Confirmed by %B (5,2) Notch

This Notch did not occur when the Double Complex NASI Top was formed in the summer of 2009. It would have been bad to have been short for too long after the first complex top since a simple bottom occurred rather quickly followed by a new upleg which led into the 2nd complex top.

NASI Watch

$NASI down again today (-4.89%). No Spike today on the $BPNYA:$NASI today (to confirm the completion of the Backtest). No nadir put in on either the $NASI ATR or Slope (i.e. a simple bottom was not confirmed). $VIX:$CPC was 23.25 (no additional red bars less than 20). Status quo.

PAL is a Buy

NASI Characteristics

$BPNYA:$NASI RATIO SPIKE CONFIRMS DT, UT & BT (major & minor)

Backtest Characteristics

Daily Trend/Momentum Indicator & NASI

NASI PARAMETER UPDATE

$INDU:$NAHL RSI(14) & NASI

South Bay Scooters, Bellport, Long Island

DNs

Updated NASI Parameters

Dow Leads S&P

$VIX:$CPC Ratio

NASI RSI - NASI 200 Day MA Trendlines

NASI Slope Color Codes

NASI ATR Color Codes

Get Ready for a Chill...

NASI Backtest Characteristics

TNA Price Outcome is shown.
Oxpecker and Cape Buffalo
Buphagus erythrorhynchus and Syncerus caffer
Hluhluwe Game Reserve, South Africa (on my list of places to visit).

$NASI Continues to Go Down during the Backtest

The $NASI was down again today, but has flattened out a bit (no evidence of a double complex NASI top or uptick at this point; the uptick would require a black NASI day). Will call it a Back-test. Things look analagous to early May. The November version has a shorter duration and more muted price extremes (no flash crash). The Elder Impulse, Force Index & Money Flow Index patterns are similar. Trendlines, the +5.19% June 2009 backtest and Backtest ATR Zig-Zags are pictured.

What's Still Trending Up?

UUP (the USD) has been leading the bearish charge, followed by DRV (the 3x Real Estate Bear). The others are entangled in a consolidative battle.

Renko DAILY TNA Chart
WEEKLY TNA Chart (but RSQR already rolled over)*
Kagi, Renko & 3LB WEEKLY TNA Charts
Kagi, Renko WEEKLY DRN Chart (3x Real Estate Bull)
MONTHLY TNA Chart (Delayed white KH)*
WEEKLY AGQ Chart (but RSQR already rolled over)*
3LB Daily AGQ Chart
Kagi, Renko & 3LB WEEKLY AGQ Chart

vs.
3LB DAILY TZA Chart
DAILY DRV Chart (3x Real Estate Bear)*
Kagi, Renko & 3LB DAILY DRV Chart
3LB WEEKLY DRV Chart
DAILY TYP Chart (but CCI went back into consolidative range)*
DAILY EDZ Chart (but CCI went back into consolidative range)*
DAILY UUP Chart (but CCI went back into consolidative range)*
Kagi, Renko & 3LB DAILY UUP Chart
Kagi & 3LB WEEKLY UUP Chart
DAILY EUO Chart (but CCI went back into consolidative range)*
Kagi DAILY ZSL Chart

*=by RSQR, AO, KH, TSI & CCI (Momentum/Trend Indicators)
Young Dollar Bird (Have never been to Borneo)...