still, it's -9.87% from ath of 1327.78 on 10/31/07
strength due to strong rally in the top chiu index stocks.
1. aapl +3.25% and 6-0 sell
2. goog +2.76% and 6-0 sell
3. bidu +8.69% and 3-0 sell
4. lfc +3.54% and 1-0 sell
5. csco +2.04% and 7-0 buy
spx at 1-0 sell and can be 2-0 sell if close above 1440.70 thursday
so, is this short term rally for real? let's look at the whole year below.
the white line is the 50% fibo retracement line and besides the spx, the main charts concerning top holdings of the chiu index look strong.
Hello Paul
ReplyDeleteYou stated that the "The counts are from tom demark's sequential count indicator." Please explain which course study you used to learn it.
Ben
ben,
ReplyDeleteyes, those counts are sequential setup counts. an indicator designed by tom demark in the 70's for his bosses, one of them soros.
i have used it for so long now that i have my own way of "reading" them
here's one traders recent views on demark sequentials:
http://www.researchlabtrading.com/members/images//TDSequential.pdf
here are some books on his own indicators by tom demark:
http://www.amazon.com/New-Science-Technical-Analysis/dp/0471035483/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1196483137&sr=8-1
http://www.amazon.com/New-Market-Timing-Techniques-Innovative/dp/0471149780/ref=pd_bbs_sr_2?ie=UTF8&s=books&qid=1196483210&sr=8-2
here's a good recent book with a chapter devoted to demark and other chapters discussing tools that i also use, namely market profile, drummond geometry and candlesticks.
http://www.amazon.com/Breakthroughs-Technical-Analysis-Thinking-Worlds/dp/1576602427/ref=pd_bbs_sr_4?ie=UTF8&s=books&qid=1196483313&sr=8-4
paul
Hello Paul
ReplyDeleteFrom your experiences, please inform what is the overall accuracy in prediction from using the tom demark count sequential indicators.
Ben
ben,
ReplyDeletethe demark sequential indicator works in its unique way and probably is better if i show it with charts. i'll post a complete history of the spx with sequential over the next week.
paul