Wednesday, March 21, 2012
3/19 Did Not Predict a Red Reversal
The 3/19 CLOSE-PLDOT DEMARKIAN OSCILLATOR =100 signal lit. This has not occurred (since last August) with either Green or Red Reversals. 3/19 was a Green, Up (TNA) Resumption Day. Yesterday's (3/20) down day (good for TZA) therefore suggested a Pullback in TNA (i.e. Red Pullback) rather than a Red Reversal.
PLDOT=(AVERAGE(C162,D162,E162)+AVERAGE(C161,D161,E161)+AVERAGE(C160,D160,E160))/3
Line 162 =3/19/12; Line 161= 3/16/12; Line 160=3/15/12; C=TNA HIGH; D=TNA LOW & E=TNA CLOSE
On 3/19/12 the PLDOT was 62.7011 & the TNA CLOSE-PLDOT was 1.34889.
Today should be another upwards TNA Resumption.
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