GRIDS Signalling Down Day on Monday

The GRIDS have been working better than the formulas (the latter were associated with a blown reversal call on Tuesday). The 14 day maximal PVI (Price Volume Indicator) was the best nidus for evaluation of Friday's TNA close. Other 14 day Maximal PVI days were reviewed for similar GRIDS.

The 1/20/2012 two day GRIDS were similar to 1/12/2012 (pullback in uptrend), 12/6/11 (reversal), 10/24/11 (pullback in uptrend), 10/12/11 (whipsawing consolidation), and 8/30/11 (reversal). These days were also associated with 14 day maximal PVIs. The next day market drop was -1.9%, -0.3%, -8.2%, -0.3% and -0.7%, respectively. Analysis of the 14 DAY MAXIMAL TNA WILDER ASI found 3 more matching days: 9/16/11 (reversal), 10/6/11 (pullback)and 12/27/11 (pullback). The next day market drop was -5.1%, -7.4% and -5.4%, respectively.