Thursday, June 28, 2012
Pullback
The "blue 6:5:6" turned out to be a relative of a pink 6:24:6, which has been associated with one day pullbacks that signal light green 9:21:9 (i.e. resumption of uptrend). Today's signal has been 9:23:9 ( a close relative of 9:21:9). The uptrend should resume 2moro. The pink 6:24:6/light green 9:21:9 pattern previously occurred on 4/12/2012:4/13/2012 and 11/11/2011:11/14/2011. The % OPEN TO LOW RANGE CHANGE =((TNA LOW-TNA OPEN)-PRIOR DAY(TNA LOW-TNA OPEN))/(PRIOR DAY(TNA LOW-TNA OPEN)+0.001).
The 14 day Maximal % OPEN TO LOW RANGE CHANGE occurred on 4/13/12 (7.28) and 11/14/11 (7.78). These both followed pink 6:24:6 days. The 14 day Maximal % OPEN TO LOW RANGE CHANGE also lit today (6.21).
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