DM SYSTEM
these_are_my_words on DeMark back in October 2003
in a few later years when i was forecasting stocks on this board i used DeMark methodology and those of you that were around in those days and some of you with membership status may search the board for examples. problem is ihub censors.
this is what i copied from this board in October 2003
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This is a very short writeup in my words, no Trade Mark words.
Part I, for a Sell, there must be 9 consecutive days up, each day greater than the close the day 4 days before.
Part II, the intra day price range of the 8th or 9th day must intersect the price range of any of the days 3 or more days before that day. (If not then, the 10th must intersect the price range of any of the days 3 or more days before. Etc.. until fulfilled.)
Part III, after parts I and II are completed, there must be 13 not necessarily consecutive days where the close is greater than the close, 2 days before.
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For a Buy, insert the words, less than, instead of greater than.
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It is written up with examples and his Trade Mark list of words in his book "The New Science of Technical Analysis" by Thomas DeMark.
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It is not something to toy with until you are comfortable with trading as the stock can continue on the end, running up, so you must use stops, or wait to step in.
However, once signal is given you know if you are playing the other side, you better be very careful. In that context i think it is very important for beginners to know there are signals that may be counter to what they are planning to do.
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