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-----Original Message-----
From: FrankKaeb [SMTP:FrankKaeb@xxxxxxx]
Sent: Sunday, December 28, 1997 4:31 PM
To: omega-list@xxxxxxxxxx
Subject: Tom DeMark
What are some of the opinions of experienced members of this board about
Tom DeMark and his books/indicators? Has anyone used these and made
money?
What did you like/not like about his material?
***********************************************
Frank,
I have used Demark Indicators since about 1982 and have consistantly
made money with them, although I use other indicators to confirm.
Whenever he comes down to the Board of Trade, I make it a point to go
and listen to him. My first trade using his indicators was in Live
Cattle. Little did I know at the time that the market was rigged.
Anyway, I was short 3 contracts and the market closed in my favor that
day. The next day the market was down the limit and I bought in 2
contracts, next day down the limit again and I bought in my other
contract. I hadn't been trading futures for very long and didn't know
that I should have let my profits run. As I was patting myself on the
back, the market went down the limit several more days and stayed in a
bear market for a while. Still brings a tear to my eye.
His first book was poorly edited but his second " NEW MARKET TIMING
TECHNIQUES" is pretty good($75). He has enough indicators so people can
test them all and find out which ones they feel comfortable with. His
main axiom is " The Trend is your Friend ... Unless the Trend is about
to Change". Using this has allowed me to fine tune my system.
He has borrowed from Wychoff(without credit that I can find) but I
don't hold it against him. For those who can and will afford Merrill
rates, his son started working there last August.
I use his Sequential method often and it is worth the price alone.
Thad
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