$BPCOMPQ:$NASI Divergence to Detect Downleg Interuption (a work in progress)

Divergences related to backtests or upticks are represented by white triangles. NASI downlegs that have minimal market downside (sometimes even a rise in TNA) always manifest a divergence (TZA should be daytraded or avoided). Other downlegs went straight down without any divergence triangles. TZA can be swing-traded for these downlegs. The latest NASI downleg (top chart) had divergences. One would have had to be nimble to day-trade TZA during this NASI downleg.

Silver is Expensive When Compared With Gold

Both AGQ & UGL are buys, but Silver has had a much bigger run than gold (151% vs. 31%). Note the divergence of the UGL:AGQ ratio with the Force Index. Would favor UGL.

Weekly TNA & VIX Charts

The TNA Weekly Bars reemerged (to the upside) from the cloud. The blue Tenkan-sen (Conversion Line= 9 day (H+L)/2) crossed back up through the Kijun-sen (Base Line=26 day (H+L)/2). TNA looks bullish. The Weekly $VIX never penetrated the top side of the cloud and has now retreated to below the cloud. This is also bullish for the market. In the VIX Ichi chart, the NASI has VIX mirror image-like qualities and seems to "bounce" off certain of the VIX Ichimoku Lines.
During 2010 a bearish Market was signaled in early-May by $VIX Ichi Line cross, $VIX Aroon, TNA Renko & $VIX Renko, and not until mid-June by TNA Ichi Line cross and late-June by TNA Aroon. The subsequent 2010 bullish Market was signaled by $VIX Renko on June 7th, by $VIX Aroon & TNA Ichi Line cross in Late October and by TNA Aroon & TNA Renko in early November.

$NASI Lag

It took 2 extra days (i.e. by EOD), but NASI went positive today. The NASI Ichimoku chart suggests that it is a simple bottom.

Buy Signal at 11AM on Yesterday's 90 Minute EDC Chart

Bollinger Band Retreats and NASI Bottoms

The 38 NASI bottoms over the past 12 years were either Simple (28; 73.7%) or Complex (10; 26.3%). During NASI downlegs the NASI Price retreats from the BB either early (during Upticks), or right before or at the time a NASI bottom occurs. The NASI price has recently retreated, which suggests an Uptick or NASI bottom related Market Uptrend.

December 1, 2010

?Lagging NASI...still had down day...