Showing posts with label TDSetup. Show all posts
Showing posts with label TDSetup. Show all posts

Tuesday, June 09, 2009

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!

2009-06-09_2259

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

Saturday, May 02, 2009

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.