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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: bdog who wrote (30405)	6/23/1999 1:37:00 AM
From: bdog	Read Replies (1) \| Respond to of 79227

this is funny... Message 10196183 bdatek.comdog

To: bdog who wrote (30405)	6/23/1999 9:27:00 AM
From: Dave H	Respond to of 79227

Hey bdog, Thanks for the welcome back, it's good to be back! re sequentials: I haven't yet finished coming up with a final strategy (still playing), however, a sequential by itself is IMO not enough to go by. Rather, it is just an indication that you have reached a potential exhaustion point in either selling or buying. I have found so far that if you add a couple other things into the mix, such as a supporting trendline, or even other deMarkian support lines called "TDSTs" - (TDST - Thomas Demark Setup trendlines - which are horizontal lines created after a 9 day "setup", and really seem to work well as continuing areas of support or resistance), things work out much better. Anyway, I like using the sequential scan to find some potential candidates for tracking. Especially when you find buy sequentials with really good fundamentals. Then, using various trendlines, I can get a realistic target and a stop-loss. Sometimes though, it is just amazing how well the sequential works. Take a look at STMT for example. The sequential completed on monday. Look what happened on tuesday. Other times, things don't work out as well. >g< I think backtesting would be a good idea, and since my scan can find historical sequentials, it shouldn't be too hard to do. I would just have to filter out old ones according to any additional criteria I come up with for a system of choosing the "good" sequentials from the bad. Cool, a project! As for how I scan for them, right now I am using TC2000 data and a custom program I wrote (in java) that scans the raw data. Since it is a custom program, I can pretty much add anything I want to it. I haven't used Q+...I wonder if I could even write an equivalent scan in that program? At any rate, if you or anyone else would like a "sequential" / demark profile on any stock, just shoot the name my way and I'd be happy to run my scan on the stock! -dave PS - right now I'm watching IMO, which also completed a sequential on monday. Target for that one imo would be 21, stop loss would be the trendline right below it (~18) so it would be a low risk trade with almost 15% upside.