Paul Tudor Jones, George Soros and Steven Cohen. That is who. But I guess the unnamed "they" are right to say you can't buy bottoms or sell tops. I believe otherwise and do it fairly often.
DeMark sells indicators. He doesn't trade. He can't trade. He makes his living working for others. Selling his shit. If his "indicators" were any good he wouldn't need to work for others or selling crap on Bloomberg.
Believe what you what you want but he advises many of the worlds top traders. Leasing not selling his indicators on Bloomberg, which is predominently institutional based, is a side business. I have used his TD Sequential and a few of his other indicators for over a decade with success. From what I have seen here on Elite there are an awful lot of opinions on DeMark - very few of which come from experience with it. Opinions are like as.h... everyone has one.
You talk as if "institutions" are some know-it-all group that individual traders ought to respect or even emulate? Well, guess what? First, the "institutions" who rent/use bloomberg are the likes of Citi, BofA, JPM, Calpers, etc, etc. Guess what? They took it up the ass in the last several years! Second, these "institutions" are comprised of smart as well as newbies, etc. So, if somebody's mentioning he's got 30-60 indicators for rent/lease on bloomberg, that's where his priority is...generating revenue from selling indicators, not trading.
Thanks for a helpful interview[;funny also.First time i ever heard an education defined as poker playing, I learned a few things in a pool hall/ 8 ball but never advertised it. especially never advertised it as education.,Laugh out loud. ''you just cant make money trend following.'' Really??? Even a sideways trend [the smallest trend or range]makes some people money; as if we rubber stamp error .We do not rubber stamp any error; no matter how big or old the trader ================================ QUOTE]Quote from makloda: Right. Totally impossible LOL. Really makes him look like a complete moron after trend following managed futures funds had their best 12 month return period in years. [/QUOTE] =========================== However thanks for the interview; This may help the market; now some will think the key to fort knox is calling tops & bottoms LOL.Good rebuke , Makloda. Besides Paul Tudor Jones does hit quite a few tops & bottoms; cool:, but frankly thats the exception to the rule/cool
==================== Kut2k2/nickname; Yes , i found that quite humorous also; naming all those indicators after himself He [same name] also had a neat interview , in a Traders mag, years ago. ========================================= Seemed like he liked his name, [same name]even more than his same name indicators. PS -I dont think Rich Dennis actually blew up that Drexel account;he closed it when it got about within 1% of his 50% drawdown/wost case scenerio. So actually quite a difference.I liked those Rich Dennis interviews.................................................................................... murray t turtle; a murray t turtle post.Wonder if i should trademark a ''murray T turtle indicator??LOL