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Al Taglavore wrote:
> I went long 200 HDI today. As I look at the EOD chart I have printed,
> it appears to be a textbook example of DeMark's 9 day set up with
> intersection having occurred yesterday (9th day). I bought because HDI
> had a successful retest of the low of two days ago. Would appreciate
> any Sequential followers to look at the chart and post a comment.
>
> Al Taglavore
Al,
Thanks! I'm glad you brought this up, because I didn't get a signal.
That caused me to re-examine the formula that I'm using and re-read the
rules for a set up. What I found is that there was indeed a valid set up
on 9/3. So why'd I get left behind? Here's why: DeMark says that the
day prior to day one of a buy set up must have a close >= the close 4 days
earlier. I didn't have the "=" in this formula, which caused it not to
fire, because the close of 8/21 and 8/17 are in fact equal. Fortunately
that condition doesn't happen very often. ( I keep telling myself that.
:-) ) BUT, who knows, maybe it caused me to miss the "big one" (way back
when) and Maybe I could'a retired already by now. <g> The successful
retest of the previous low can't be a bad thing. If you're still in, I
hope it works out. If you ARE still in, it must seem to you like time is
standing still, based on your usual 2 hour +\- trades. <G>
Have a great weekend,
Ken
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