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I use sequential. You may want to consider looking thru your database and
see how often an equity will have that brief rise/fall after the 9th day.
This also told me to develop a methodology for making a trade after 3, 5, 9
days. Works on bonds and currencies. His TD lines have been good. If you
will read the article in Feb TASC by Robert Krausz, it will go a long way
towards seeing DeMarks work in a very tradable light.
Al Taglavore
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> From: Steven Buss <sbuss@xxxxxxxxxxx>
> To: Metastock List <metastock-list@xxxxxxxxxxxxx>
> Subject: More about DeMark...
> Date: Tuesday, March 03, 1998 11:06 AM
>
> Went out and bought both DeMark books...
>
> Interesting stuff.
>
> I understand where posts with different feellings about the books came
from:
>
> - The writing being unintelligible (It's bad sometimes. I found a
couple
> places that I actually believe he was writing a requirement for software
> development and didn't change this text to get it into the book. Bad!)
> - Indicators with nested ifs everywhere (Yep! When one considers his
> objective: to determine the stopping point of the rising or falling
knife,
> this is understandable and I'd be more mystified if there weren't nested
> ifs.)
> - The books contain a deep understanding of the market (Yes! This
would
> definitely be clearer if the writing were clearer.)
>
> I'm glad I have both books because I'm a book hound. But if I could only
> buy one, I'd get the second one published in 1997.
>
> 2 questions:
>
> - Anyone out there actually use DeMark stuff? Or tested it?
Successfully?
> And want to discuss details?
>
> - What other texts are there in this great big world of T/A, that have
the
> express purpose of something like DeMark's: finding "Price Exhaustion"
> points?
>
> Steven Buss
> sbuss@xxxxxxxxxxx
> Walnut Creek, CA, USA
>
>
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