Two More Examples

The AO Tracker Excel Sheet requires input from the TD Ameritrade Think or Swim Platform every 10 minutes for TNA. The 10 minute chart revealed 3 downlegs that alternated with 3 uplegs today. The 2nd TNA downleg occurred between 11:50 AM and 12:50 PM (i.e. for six 10 minute periods). TNA sell signals rang during and at the culmination of the 12:10 & 12:20 periods. The 1st signal was: 14Z=NEGATIVE CMF ALTERNANS (above and below zero), RISING KVO TRIGGER LINE, ABSOLUTE [(PRIOR J)*(J-K)/K*(J-PRIOR J)]>0.569 and the 2nd signal was: 13Z=CMF CROSSED DOWN INTO NEGATIVE 2 PERIODS AGO, CMF REMAINED NEGATIVE & AO GREEN IN THE PAST PERIOD, CMF<0 THIS PERIOD, THIS PERIOD OPEN < PRIOR PERIOD OPEN. CMF is the Chaikin Money Flow. J is the KVO line and K is the KVO Trigger Line. AO is the Awesome Oscillator. TZA was purchased when the 1st signal rang and was sold 20 minutes later for about a 1% gain. It was a good 20 minutes work.

An Example

TNA Buy Signal 11=KVO TRIGGER LINE CROSSES DOWN THRU ZERO (AQ GOES FROM NEG TO POS), KVO LINE MOVES UP SHARPLY (AR<-0.149), TRIGGER LINE ABOVE KVO LINE rang at between 15:10 and 15:20 on 6/11/2010 (line 828 on the excel sheet). KVO is the Klinger Volume Oscillator (see http://www.quantshare.com/item-267-klinger-volume-oscillator). AQ=(J828-K828)/K828, where J is the KVO Line and K is the KVO Trigger Line. AR=(J828-J827)/J827. TNA opened at 43.01 at 15:20 and traded as high as 43.51during the 10 minute time period (1.16%). The 15:30 period closed at 43.79 (1.81%). Signal 11 also rang during the 12:10 period on 6/1/10: opened at 46.15 at 12:20 and traded as high as 46.58 (0.93%) during the next period. 5/28 11:30 period: Opened next period at 48.11/High at 48.21 (0.21%). TNA closed at 48.93 (1.7%) during the 11:40 period. 5/13 9:50 period: Opened next period at 61.26/High at 61.76 (0.82%). The 10:10 period closed at 62.4064 (1.87%).
1932 Hubley Number 5 Racer with Opening Hood

Right Shoulder Formation Afterall?

Busy with June, but AO Tracker Program working very well. Will post an example this weekend...Meanwhile check out the Afraid To Trade Blog for Corey's Abyss

Back to 1939

Do Divergences Between NASI Tops & Bottoms Precede Market Reversals?

?No Right Shoulder....Look Out Below?

The daily TNA Kagi went Negative today. Daily TNA Candles remain below its Ichimoku Cloud. The daily TZA Kagi, Renko & 3 Line Break are all Positive. Check out Tze's comments in Idan Koren's StockTock: "There is an H&S formation on the S&P, in most cases the right shoulder should be symmetrical to the left, bringing the S&P to 1150 first before a breakdown. However, due to overwhelming bearishness we might have already seen the top and are starting our breakdown, A break of 104 is needed to confirm this." Corey Rosenbloom in his Afraid to Trade blog also recognizes 1040 as the "Edge of the Cliff."

Spille vs Walker Upside Target