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Buy? Sell? What? Ok, Ok at least it's a start. Thank you. I will go back
read the book and maybe this has cleared up some questions I had that
prevented me from finishing my code for this. From what I can remember it's
a decent summation of a rather lengthy chapter on Sequential. I can't
imagine anyone really attempting to implment this by hand. Best left to the
coders. I have some code I wrote (needless zeroing of variables and all)
for this but I'm not sure if it's written in TAS or EL. I'll try to post it
either way but it's not totally complete ( but time permitting I will).
Mr Demark must be complimented on his improved writing style. Not at all
like your book. Good work.
Next time maybe shorten the lesson a bit to something like: "Sequential
says trade at the price" if the market does ...<you fill in here>...
because as you can see the SETUP is ocurring <this way>. Showing us where
it suceeded but failed too would be helpful. What usually leads to a
sequential false signal? How many of these have you experienced in your
own trading (ratio of succesfull to non succesfull)?
I will spend the next few hours scanning the 18 futures markets I follow
looking for Sequential setups.
Brian "burning the midnight oil" Massey
-----Original Message-----
From: Mark Brown [mailto:markbrown@xxxxxxxxxxxxx]
Sent: Monday, November 30, 1998 10:49 PM
To: Tom DeMark; omega-list@xxxxxxxxxx
Subject: Re: "13" 10/8/98 and "13" 11/23/98
so to sum up? it might go up or it might go down, would that be a good
interpretation? have you ever actually placed a trade? i see allot of would
have and should have comments below. it has been my experience that these
are generally the comments of someone who cant commit to a trade.
thanks for the post : may i ask can you sum this up simply to a buy or a
sell ?
mark brown
>1) a low risk buy SETUP occurred 9/3 when 9 consecutive closes less than
>the close 4 trading days earlier occurred--market responded by recording
>a short term rally;
>2) early warning of potential bottoms ocur when "13" lows less than or
>equal to the low 2 trading days earlier are recorded for COUNTDOWN
>requirement in conjunction with standard(conventional) COUNTDOWN
>requirement of "13" closes less than or equal to the low two trading
>days earlier--often the "early" approach is the ONLY indication of a
>possible bottom and the standard(conventional) never occurs;the early
>"13" occurred on 10/8;
>3) if a subsequent Setup occurs the market is recycling- this condition
>does not apply is the closes of the renewed Setup are all contained
>within the original Setup which they were the first week of October;
>4) the close of day "13" was above the open despite the fact it was a
>down close suggesting the start of the uptrend;
>5) the market recorded 3 SETUPS(9 OR MORE consecutive closes greater
>than the close 4 days earlier) into last Friday's high and the
>distinction between each successive SETUP was that each consumed
>successively smaller price distances from highest high to lowest
>low--had the market traded above 1208.50 before it closed less than the
>close 4 days earlier, this would not have been the case for the most
>recent SETUP;
>6)subsequent to the 1st sell SETUP(9 or more consecutive closes greater
>than the close 4 days earlier)and comparing the close with the
>respective highs two trading days earlier produces a "13" on 11/23 an
>the first subsequent close less than the open was the next trading day
>but the risk of "recycle" was so imminent that the "recycle"
>potentialhad to be cancelled which it was today;
>7)had the highs versus highs been used for COUNTDOWN rather than close
>versus highs and the 1st close less than open be used or cancellation of
>a "recycle" the same days would appear.
>
>"trading markets includes a great deal of risk and there exists no
>guarantee of profits, regardless of past performance.traders must be
>prepared for the unexpected and the potential of total loss of capital."
>this is no solicitation and is presented for educational purposes only.
>no representation of accuracy or profitably is made.
>
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