Thursday, June 7, 2012

5:24:05 morphs into 9:21:05

The print was a bidirectional 5:24:05 when TNA was up for the day. As TNA fell into the negative. the print morphed into a unidirectional 9:21:05. Sold TNA shortly after the open. If TNA remains in negative range EOD will buy TNA, since 9:21:05 can give big up days. This pattern also occurred on 5/24/12 (12:36:05) and 5/25/12 (9:21:05) (on declining volume).

2 comments:

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