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.
3-20-2006
SEQUENTIAL
INX 6-0 Sell (D) a star Friday may pauses action today
INX 5-0 Sell (W)
INX 5-0 Sell (M) Looking GOOD Valentine...
RTY 5-0 Buy (D)
RTY 9-2 Sell (W) Bullish engulfing
RTY 4-0 Sell (M)
INDU 6-0 Sell (D)
INDU 5-0 Sell (W) Morning star
INDU 5-0 Sell (M)
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GOOG 3-0 Sell (D) small star
GOOG 7-0 Buy (W) small star !!!!!
INDU 1-0 Buy (M)
Paul
2006-03-29
P I V O T
GOOG Daily
r3 388.79
r2 382.10
r1 379.65
Pivot 375.41
s1 372.96
s2 368.72
s3 362.03
GOOG Weekly
r3 422.98
r2 390.39
r1 378.09
Pivot 357.80
s1 345.50
s2 325.21
s3 292.62
GOOG Monthly
r3 506.32
r2 437.65
r1 400.14
Pivot 368.98
s1 331.47
s2 300.31
s3 231.64
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