The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: hoopsville who wrote (17733)	5/28/1998 9:18:00 AM
From: Dave H	Read Replies (1) of 79296

Tom, A sequential is the creation of the famous TA guru Thomas DeMark. Doug R's very good description of the sequential can be found here: exchange2000.com Sequentials usually take 1-3 months to form and try to identify low risk buys (market bottoms) and low risk sells (market tops), looking for the exhaustion point of a rash of buying or selling in either direction. The best way to use the sequential is in conjunction with other indicators and not just by itself, as frequently the sequential will find stocks that go in the exact opposite of what is predicted, in a big way. This can be useful too, of course. >g< Doug introduced me to sequentials a while back and I've been studying them ever since. I've been working on a TA program that, among other things, does scans to find current sequentials, and I've been posting my results periodically in case anyone else is interested. You will find that lots of people on this group who have been here a while and/or attended one of Doug's seminars get inspired to start concentrating on different aspects of TA that interest them, and then share their results with the others on the group. Doug can be quite inspiring. >g< As with any "newsgroup" on the internet, it is always hard for newcomers to jump in and understand all the lingo. While a "FAQ" would be something useful, don't hesitate to ask what something means as everyone is very friendly here. As for new readers being equated to new stock buyers, no one is trying to sell anything here. We like to share the wealth. Fun & profit is always enjoyed by all though! >g< Welcome to the thread! -dave

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