Registered: Aug 2012
10-16-12 07:32 PM
By the way, how do everyone think about Demark Indicators? Even he claims that it is very objective and should be "programable", but it is extremely hard to understand what he means in his books and seem like it is extremely objective. It would be great if someone can show some backtest result showing his indicators don't work well and it is more like a marketing money making thing by subscription.
He claims he works with many best traders in the world and even have partnership with them. I guess it is only because those funds, traders can use his "indicators" or whatever magic ways to "explain" their "secrets" to win in market that they don't want anyone or government knows.
On the other hands, those traders fame can help many people believe those indicators really work and buy those super expensive subscriptions and it is a lot of money every month.
So it is a win-win for him and those famous people.
By the way, check out all those "I am a fund manager in industry for 100 years and I am the best and I can tell you the demark indicators just work and roll" comments in amazon for his 3 books, all I saw is just a person has single review in their amazon account. These give me a great lesson about marketing!!!!
Search for his bloomberg TV videos. The person keeps say " ho when I call him, he is talking with xxx fund manger"....marketing!!!!!