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.
SEQUENTIAL
INX 4-0 Sell (D)
INX 8-0 Sell (W) One more up week or was this the last up week before 9-0 Sell?
INX 6-0 Sell (M) Still running fine in monthly, maybe weekly can extend pass 9-0 Sell
RTY 2-0 Sell (D)
RTY 9-5 Sell (W)
RTY 9-2 Sell (M)
INDU 2-0 Sell (D)
INDU 8-0 Sell (W)
INDU 6-0 Sell (M)
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GOOG 9-3 Sell (D)
GOOG 2-0 Sell (W)
GOOG 1-0 Sell (M) Morning Star Forming but April is early
P I V O T 2006-04-06
GOOG Daily
r3 427.087
r2 418.627
r1 414.903
Pivot 410.167
s1 406.443
s2 401.707
s3 393.247
GOOG Weekly GOOG Weekly (Next Week)
r3 452.667 r3 457.840
r2 418.667 r2 431.200
r1 404.333 r1 421.190
Pivot 384.667 Pivot 404.560
s1 370.333 s1 394.550
s2 350.667 s2 377.920
s3 316.667 s3 351.280
GOOG Monthly
r3 508.417
r2 440.967
r1 415.483
Pivot 373.517
s1 348.033
s2 306.067
s3 238.617
Paul |
