I’ve got a sell signal on my newly devised DeMark Geccko sequential count TM (jk) of the rally off late November lows, a variation of standard DeMark sequential which seems to loose on the daily counts. It still has the same setup, 9 consecutive closes higher than 4 closes earlier, but afterwards each new upbar must have a higher high and close than the previous upbar until there is a 13 count. And each newupbar has to have its body at most in the upperhalf of the previous upbars body. (very subjective—I understand). Well today was day 13 by that criteria. And to top it off a final 9upcount of 4closes above the close 4 bars earlier would be a double sell signal on top of this. (this hasn’t happened yet).
I will stay wait for Friday’s action though. Today is the equivalent of the rally off the July 2009 lows to April 26 ie 134tds +67tds(Jan’10-April26).
While since then there was 136td high-high fromApril 26 to Nov 5 +a 65td high-high to today. A massive bear flip or weekly reversal will change my mind although I am already bearish. Friday’s date with destiny could mean it is a big down day. A weekly reversal would validate the 23weekly numerology angle for a top. Hint,hint this week is week 174(111-also a featured number from Red’s favorite print) from the October 2007 top.
I’ll try a short of any IWM retest of 81.3 with a 1% stop loss. If I get stopped out…that’ll just confirm, i’m wrong. and have to switch to —week of OPX feb, last 8 of 10 times, the QQQQ lost 2%, if that’s wrong…I’m back to “I have no idea when the pullback starts!” Again!
I’ve got a sell signal on my newly devised DeMark Geccko sequential count TM (jk) of the rally off late November lows, a variation of standard DeMark sequential which seems to loose on the daily counts. It still has the same setup, 9 consecutive closes higher than 4 closes earlier, but afterwards each new upbar must have a higher high and close than the previous upbar until there is a 13 count. And each newupbar has to have its body at most in the upperhalf of the previous upbars body. (very subjective—I understand). Well today was day 13 by that criteria. And to top it off a final 9upcount of 4closes above the close 4 bars earlier would be a double sell signal on top of this. (this hasn’t happened yet).
I will stay wait for Friday’s action though. Today is the equivalent of the rally off the July 2009 lows to April 26 ie 134tds +67tds(Jan’10-April26).
While since then there was 136td high-high fromApril 26 to Nov 5 +a 65td high-high to today. A massive bear flip or weekly reversal will change my mind although I am already bearish. Friday’s date with destiny could mean it is a big down day. A weekly reversal would validate the 23weekly numerology angle for a top. Hint,hint this week is week 174(111-also a featured number from Red’s favorite print) from the October 2007 top.
I’ll try a short of any IWM retest of 81.3 with a 1% stop loss. If I get stopped out…that’ll just confirm, i’m wrong. and have to switch to —week of OPX feb, last 8 of 10 times, the QQQQ lost 2%, if that’s wrong…I’m back to “I have no idea when the pullback starts!” Again!
I got this idea from TK site but really looks to be a clean, low risk short.
SMH – http://screencast.com/t/Z4hka5c5vgv
or pre-market, any IWM retest of 81.3 should be shorted imo, with a 1% stop loss. if stopped out, sorry in advance!
okay, I’ve got my crusty shorts on because I see reversal patterns on the indices. will I count losses or wins tomorrow, hmm i wonder…
Until 10:15 am EST…
the dirty rat spoke today, and it didnt even close +100 points. Whats up?
CSCO 22.34 AH down to 21.8
edit 21.76
edit 21.72
keep talking chambers—-drive your stock down, fry fry fry!
the gansta’s hard at work…Dow 30, DIA, down 12, and not 100, only because DIS gap up 5% on earnings. frikkin DIS.