1-30-2006
Let's talk only products, earning forecasts, and objective readings of charts and technicals here.
Note on Demark Sequential
A complete Demark Sequential count; either Buy or Sell consist of a series of 9 consecutive closes that are either lower or higher than the close 4 sessions prior. Simply put, any close that ends the streak can start a reverse count and such an event is called a reversal.
What usually happens in real time and real life is that professional traders never allow 9-0 sell or 9-0 buy counts to finish and often sell or buy ahead of it even as early as the 7-0 count. Whenever this happens, the charts will never reflect this.
There are software though, from vendors like Tradestation, CQG, Bloomberg that allow historic charts to post 7-0, 8-0 or even 6-0 counts to reflect the early entry by professional traders.
As a Demark Sequential trader for nearly 15 years, I don't jump in early. I almost always go with completed 9-0 counts. I find that they are the most timely.
3-14-2006
Daily Sequential at 6-0 Buy with possible bullish morning star forming.
There is close to ZERO chance we recycle to a 1-0 Sell count today as goog would need a close above 353.88. Tomorrow is a little easier as goog needs to close above 343 to recycle to a 1-0 Sell count.
Weekly Sequential at 7-0 Buy and the tiniest hammer you'll ever see next the that butt ugly evening star formed over the last 3 weeks.
Monthly Sequential at 2-0 Buy. Gosh, we must hold 313.63, the open of the month of last October.
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