TNA Downlegs: Volume & FOSC

The Forecast Oscillator is an extension of the linear regression based indicators made popular by Tushar Chande. The Forecast Oscillator plots the percentage difference between the forecast price (generated by an x-period linear regression line) and the actual price. The Signal Line is a three-day moving average of the Forecast Oscillator to generate early warnings of changes in trend. When the oscillator crosses below the signal line, lower prices are suggested. When the oscillator crosses above the signal line, higher prices are suggested. Two hour mean signal line results were compared with end day results. These two parameters combined with a decreased volume appear promising for early prediction of culmination of TNA downlegs.

3PM TNA Vol, Trin etc.

TNA volume <8.2million (12.134 yesterday), $TRIN: 0.76 (1.26 yesterday), TRIN candle: Red Doji with long upper wick, TNA candle: red/white candle.

Cycle Lines for NASI 2nd Uplegs

TRIN Candle Doji Watch for 2nd Upleg of Complex NASI Top

If a Complex NASI Top is played out, TNA will begin a 2nd Upleg. Look for a Doji TRIN candle (green arrow)to signal the start of the 2nd upleg.

Ichimoku Cloud Analysis for S&P

Culmination of TNA Downlegs (updated)

A downleg is in progress for TNA. Waiting for the NASI to turn positive gives too late of an entry point into the next upleg. A drop in volume after a big down day is useful tip for entry. TRIN values may be useful if they drop. TRIN & TNA candles such as Dojis, hanging men or hammers are useful. Red TRIN candles & low TRIN values are bullish. Kagi, 3 line break & Renko signalled too late, but the 2 Day Gann Swing Chart gave a timely exit signal at the end of one of the downlegs.

TRIN/NASI Relationships