Replies to post #176 on Strategy Desk Users' Group

[Tony G]

haha you're too funny.

It wasn't that hard really. Tom Demark has many formulas, but in simplest form his countdown is the number of *consecutive* days that this is true, for downtrends

Bar[Close,D,0] < Bar[Close,D,4]

And for uptrends, the number of consecutive days that this is true

Bar[Close,D,0] > Bar[Close,D,4]

Once the consecutive streak is broken the count resets. What you do with that information is up to you, but if all I care about is if it's 9 or higher, then I wait for it to "flip", I think that should work out the way it was intended!

JNJ looks good, I could see it going to 59. NEM looks good if it can stay above the 50-DMA and break above 48.

I wouldn't short this market just yet. A 3-day pullback to the 20-DMA is nothing to get scared about. Staying below 875 for more than 10 minutes and then we might have a problem.

I was so excited yesterday I bought the S&P at 900, within a smidge of the day's low (on the red crosshairs) before it rallied to 915. Then I woke up today, and well, I wasn't so excited anymore.

[mattie633]

Thank you syko... we may be onto something here indeed.

[mattie633]

<<its time to reconsider my reluctance to short!>>
Syko, if you don't want to go short, you can trade inverse ETFs. Some of these are leveraged, and some don't have great volume, so they can be tricky to trade.

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