Friday, December 3, 2010
Weekly TNA & VIX Charts
The TNA Weekly Bars reemerged (to the upside) from the cloud. The blue Tenkan-sen (Conversion Line= 9 day (H+L)/2) crossed back up through the Kijun-sen (Base Line=26 day (H+L)/2). TNA looks bullish. The Weekly $VIX never penetrated the top side of the cloud and has now retreated to below the cloud. This is also bullish for the market. In the VIX Ichi chart, the NASI has VIX mirror image-like qualities and seems to "bounce" off certain of the VIX Ichimoku Lines.
During 2010 a bearish Market was signaled in early-May by $VIX Ichi Line cross, $VIX Aroon, TNA Renko & $VIX Renko, and not until mid-June by TNA Ichi Line cross and late-June by TNA Aroon. The subsequent 2010 bullish Market was signaled by $VIX Renko on June 7th, by $VIX Aroon & TNA Ichi Line cross in Late October and by TNA Aroon & TNA Renko in early November.
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