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.
3-16-2006
SEQUENTIAL
INX 5-0 Sell (D) Still Bullish
INX 5-0 Sell (W)
INX 9-1 Sell (M) That "-1" says it all!
RTY 4-0 Sell (D) Still Bullish
RTY 9-2 Sell (W) May extend to 9-13 Sell
RTY 4-0 Sell (M) Evening star
INDU 5-0 Sell (D)
INDU 5-0 Sell (W) Morning star !!!!!
INDU 9-1 Sell (M)
GOOG 2-0 Sell (D)
GOOG 7-0 Buy (W) Very close to a weekly completion
GOOG 2-0 Buy (M) Point of contention
Paul |
