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Steven, as an aside, you may want to look at the June T-Bond contract and
see the sequential at work. Yesterday's failed high offered a buying
opportunity. Today was the eighth day (I exited my short position).
Before the market closes may offer the countertrend buy opportunity. If
not, look for the opportunity to present itself on Globex.
Al Taglavore
(When I attended his first work shop at D-J Telerate Seminars the year
after his book was published, I brought my book earmarked with the writings
I did not understand. He went over every issue. Took some time because I
don't read the way he writes.)
----------
> From: Al Taglavore <altag@xxxxxxxxxxxx>
> To: Steven Buss <sbuss@xxxxxxxxxxx>; Metastock List
<metastock-list@xxxxxxxxxxxxx>
> Subject: Re: More about DeMark...
> Date: Tuesday, March 03, 1998 12:45 PM
>
> 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
>
> ----------
> > 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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