Mark D. Cook: SELL

Discussion in 'Trading' started by Babak, Aug 15, 2005.

  1. Babak


    I just read that Mark Cook has said his proprietary cum. tick indicator has flashed a major sell signal.

    (see Schwager's Stock Mkt Wizards for indicator discussion)

    “At this juncture I am seeing the potential for the US market to go into a free fall … the Cook cumulative tick is the most overbought since December 1999. I spoke at a conference in New York in February 2000. I warned the crowd that this market was going to get crushed. I had two dozen people walk out on me. I said, if you are in this market get out now … right now it is the same type of market. It is like the bear rally in 1929 before the October crash.”

    This is a huge deal guys. Cook is one hell of a trader and this is one of his most reliable indicators. Make of it what you will.
  2. hi. how'd u hear about that rumor?
  3. you sell short first. :eek:
  4. I do believe that Cook himself has stated that his indicator is early to the game.

    Love his interview in MW`s...fantastic


    thanks Babak
  6. Babak


    To those not familiar with it, Cook's cum. tick indicator is an intermediate signal (weeks and months). It may be a little early but it usually isn't that early.

    It has been known to fail but it is a very high probability setup that happens a few times in a year.

    Anyway, I'm just the messenger. Think for yourself and do your own analysis. This is just for informational purposes, not a recommendation to buy/sell/short.

  7. Big Thanks!!

    I just remember seeing a recently updated chart somewhere on the net referencing the cummulative tick

    wish I could find it again... will keep looking :)
  8. Thx...much appreciated. Do you have any idea how his trading is going these days? Still focusing on buying index options?
  9. =======================
    1] Thanks and do you have a link for that???????

    2] Actually Mark Cook is one of my favorite stock/option traders;
    have several of his principles in my plan.

    Not to take any thing away from your interesting post!!!;
    3]Dec 99 SPX/SPY was a good warning and also interesing ,the real technical damage was October 2000,10 months following.

    4]May not be important at all, but the stuff am long now tends to outperform SPX/SPY ;
    also interesting was in both of his examples , the real damage was in October, [and later]

    Not a a prediction.

  10. Babak