DeMark on Day Trading = SELL Combo

Discussion in 'Trading' started by truetraderone, May 12, 2007.

  1. This post is for the reversal mavericks. Contrary to what some say, there are those who do well in picking probabilistic tops.

    If anyone of you are well read in DeMark, please comment on the daily DJIA macd cross-over AND the OHLC bar flip (thursday's close level was below two previous close levels.) Also MACD (12,26,9) is at 192.024 on 189.293 respectively. This is a classic text-book setup in the DeMark School of thought & practice.

    my prediction is that volatility will increase, markets will get choppy (wider intraday lows vs highs) and we'll move smoothly to the downside.

    Anyone's thoughts on the above stated trend 1-2 months out?

    NOTE: If you consider yourself a "bull" or "bear", please quantify HOW LONG your timeframe for this sentiment will be?