Wednesday, April 25, 2012
Futures are up, but...
One of the 29:26:29/31:20:10/31:20:31 fingerprints (Blue arrows on candlevolume chart) occurred on 9/29/11, 10/14/11, 10/18/11 & yesterday. An interesting signal rang yesterday: PROS SELLING ON HIGH VOLUME DAY WITH NARROW RANGE: MARKET WEAKNESS PRE-UPTHRUST.
1. 9/29/2011 (TNA close 36.32) (31:20:10). The next day: 9/30/2011 (TNA open 34.43, TNA high 36.09, TNA low & close: 33)
2. 10/14/2011 (TNA close 43.23) (29:26:29). The next day: 10/17/2011 (TNA open 42.09, TNA high 42.34, TNA low 38.74, TNA close 39.13)
3. 10/18/2011 (TNA close 42.39) (31:20:31). The next day: 10/19/2011 (TNA open 42.06, TNA high 43.05, TNA low 39.3, TNA close 40.08).
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