Bearish until proven wrong

Have received quite a few emails lately calling me names such as "unbeliever", "SOB", "stubborn" etc...

Fine with me, I have my system and until my stops (not silly stops based on fixed amounts or %, but set based on current market volatility) will hold - I am staying short.  And may be the system I use is a bad system, but I'd rather have a bad system than no system at all and CNBC on.

I cannot be long looking at this chart, no way Jose!

Crude Oil completing TDCountdown Sell 13 this very moment (overnight session)
XLF rising wedge on weekly, under TDST Resistance
AAPL daily sell under TDST Res and weekly res
FISV daily sell today
JOYG daily sell 2days ago, right at TDST Res
RIMM, BIDU, AMZN, MSFT SELLSELL and SELL again
TNX reversal at 39.64
Why anyone would be bullish now???
Pardon me, but I only speak few languages and most of those are bad, so in my plain bad English:
I think our America is the numero uno once again - as a DUMBEST COUNTRY with DUMBEST SHEEPLE who want to be taken advantage of.
And it is not a political statement, just paraphrasing of Voltaire's "Common Sense is not so common"
P.S. /ES close tomorrow under 941.25 will confirm bearish price flip

Chart of the week - 10 year Treasury Notes

Firstly, few words "of wisdom" (how funny that is to hear from someone who has "Dumb Trader" engraved in his nick? Yup, that is what "DT" in DavidDT" stands for)

Why traders fail?  They have not formed THEIR OWN opinion, they follow short term market swings when putting on longer term trades, they read way too many "other guys/girls" trading blogs, in short - most of the "traders" have no conviction in their own trading ideas.  The point is - none is right all the time, form your opinion, stick with it or change it, control risk, but do it based on your own research with deep understanding WHY you do what you do, if you don't do that - the easiest way to handle trading would be to just give me your money (not for managing it - I am NOT financial advisor), because without YOU understanding WHAT and WHY and WHEN YOU are doing - you will end up broke, so if you just handle me your money at least someone you know might benefit from you not doing your home work.  No? OK, back to the charts...

Below are 2 charts of 10 year US Treasury Note Futures and, essentially the same of TNX (just in reverse)

They both tell us that this week might just mark possible meaningful move to the upside (and downside for yield)

 

Tom DeMark Indicators Explained

There are very few resources available for traders who are interested in utilizing DeMark indicators.
Original Tom DeMark's books
The New Science of Technical Analysis (Wiley Finance)
New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion
are not an "easy read" and newly published Jason Pearl's book in spite of being detailed - is, sometimes, slightly confusing in some respects.
DeMark Indicators (Bloomberg Market Essentials: Technical Analysis)
I've been using DeMark indicators for many years now and over the course of running blog I have received number of questions such as "what, how, when" in respect to these indicators.
I spent a lot of time answering individual questions and I've come to the point when it has gotten slightly boring, too time consuming and unproductive to say the least.  So I decided to start a series of posts and educational videos.