I have tested them as well. You are correct but he did not publish all of his work. Much of it is subjective and hard to program.
I discovered an interesting anomaly in the NAMO and McC Osc on stockcharts.com. It will be interesting to see how it plays out. ALos, it appears that there is a divergence between the $CPCE and $CPC.
No they don't really work well timing the market(at least the daily) but they are an interesting way at gaging the market. I am following the SP weekly closely though. After hanging out with DeMark and his associate recently I picked up on some of the nuances and qualifiers they use for buy and sell signals. Getting to an up 9 count would invalidate the current downcount (buy setup or whatever the terminology is)
We're oversold, hitting channel support as well MA support. Likelihood for a short-term move lower is highly unprobable. Today was Bears turn to follow through on yesterday and they have failed utterly as they have the last 2-3 weeks.
Dow needs to close below 10400 to end its daily TD upcount before it gets to 9 but every other index has already ended its TD count so it should happen. Dow is really masking overall weakness. Breadth is nearly 2 to 1 negative. They are having a hard time holding the market until the Fed release.
I have tested them as well. You are correct but he did not publish all of his work. Much of it is subjective and hard to program.
I discovered an interesting anomaly in the NAMO and McC Osc on stockcharts.com. It will be interesting to see how it plays out. ALos, it appears that there is a divergence between the $CPCE and $CPC.
It's a 2 day Fed Meeting so feel free to plunge now.
You are lucky for that kind of opportunity!
A short term bounce is quite possible if it the support area holds.
No they don't really work well timing the market(at least the daily) but they are an interesting way at gaging the market. I am following the SP weekly closely though. After hanging out with DeMark and his associate recently I picked up on some of the nuances and qualifiers they use for buy and sell signals.
Getting to an up 9 count would invalidate the current downcount (buy setup or whatever the terminology is)
Thank you san – I think we will probably have a short term bounce off that level only to head lower – I hope anyway.
I wrote a progam to test TD points a few years ago. They do not test well. Just FYI.
SP 500 Trading near important support zone
http://niftychartsandpatterns.blogspot.com/2010…
We're oversold, hitting channel support as well MA support. Likelihood for a short-term move lower is highly unprobable. Today was Bears turn to follow through on yesterday and they have failed utterly as they have the last 2-3 weeks.
Dow needs to close below 10400 to end its daily TD upcount before it gets to 9 but every other index has already ended its TD count so it should happen. Dow is really masking overall weakness. Breadth is nearly 2 to 1 negative. They are having a hard time holding the market until the Fed release.