Thursday, August 30, 2012

Down today

Green vs pink 5:24:5s were analyzed. If the olive or blue days (e.g. blue 6:5:6/6:24:6/6:30:6/6:44:6 (6,14,15,25,27,33,36)) that precede the 5:24:5 day does not give a big enough up TNA day, then it is often followed by one or two more up days (i.e. a green 5:24:5). The green 5:24:5 day(s) have always been followed by a down pink 5:24:5 day that may represent just a pullback or a red reversal the next day (daily TNA analysis began 8/1/11). The 5:24:5 day will always be pink if the STOCH CHAIKIN MONEY FLOW VOLUME (14) reaches 1 or already begins to fall. The latter happened yesterday and on 12/27/11. The CMF Volume formula is (TNA Volume*((TNA CLOSE-TNA LOW)-(TNA HIGH-TNA CLOSE))/TNA HIGH-LOW RANGE
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