BullBear52x wrote:Paging Soku,
Once my trend change to sell the rally I use yours to confirmed the action on sell.
you just validated my worry. i don't use 0 line at all. i use the div as a trend confirmation and use other stuff to generate trading signal.
i put together some hypo trading notes to teach someone how to trade last week. here is how i use it based on 15 min es.
you can see this as Ascending Triangle. it also means continue (up).
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waverider wrote:Demark said the top will be today in a recent interview, hmm. /YM does look somewhat weak. Granville says the DOW will drop 4000 points in 2012...
BullBear52x wrote:Paging Soku,
Once my trend change to sell the rally I use yours to confirmed the action on sell.
you just validated my worry. i don't use 0 line at all. i use the div as a trend confirmation and use other stuff to generate trading signal.
i put together some hypo trading notes to teach someone how to trade last week. here is how i use it based on 15 min es.
waverider wrote:Demark said the top will be today in a recent interview, hmm. /YM does look somewhat weak. Granville says the DOW will drop 4000 points in 2012...
With that said... Goldman Sachs has support at $60...
Nice one, I rarely look at monthly charts, but I hear BAC is a better bell-wether of the market. Apparently AUD/JPY is also a good indicator of the overall market as well.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"
waverider wrote:Demark said the top will be today in a recent interview, hmm. /YM does look somewhat weak. Granville says the DOW will drop 4000 points in 2012...
yes you remind me. demark had an interview on 1/20 and called for peak out tuesday. he predicted 1338-1342 was not happening. he did say vix exhausted and would reverse in 1-2 days.
granville also had the interview on friday. he said friday was top and predicted 1000 dow points each quarter for 2012. didn't realize granville is 89. keep going joe.
The goal is not uniformity. It is understanding and idea exchange.
waverider wrote:Demark said the top will be today in a recent interview, hmm. /YM does look somewhat weak. Granville says the DOW will drop 4000 points in 2012...
These guys don't know more than we do. If Demark or Granville were that precise with their predictions they'd not be in the guru-business. There is a signal for today/tomorrow, but that's all we know. We don't know A) if markets are going to react and B) if they react how they are going to react - no move, big up, big down, wild moves. Nobody knows.
waverider wrote:Demark said the top will be today in a recent interview, hmm. /YM does look somewhat weak. Granville says the DOW will drop 4000 points in 2012...
These guys don't know more than we do. If Demark or Granville were that precise with their predictions they'd not be in the guru-business. There is a signal for today/tomorrow, but that's all we know. We don't know A) if markets are going to react and B) and if they react how they are going to react - no move, big up, big down, wild moves. Nobody knows.
Amen. So we sit and wait for the herd to act then we follow the herd.