Interesting that you should bring this up - I have just returned
from the IFTA conference in San Francisco and I listened to Rick
Bensignor from Wells Fargo talking about his use of Demark
indicators along with Ichimoku clouds. He applied his analysis to
gold and the S&P 500. He didn't go into too much detail but the
conclusion was the gold is most likely heading down to the $1100
area in the near term and the S&P 500 is in a longer term bull
market with more highs to be seen.
yep doesn't really matter about the market - if SPX cash goes to
2000, my long term system will stay in it, if it doesn't and rolls
over next year, will catch it
His last two big public calls on the S&P have been wrong in
a big way. I seem to recall one on Apple, too. I watched DeMark
signals for over a year from someone who used the service from
Bloomberg & wouldn't put great stock in it. I would put it
about even with trying to trade off Elliott Wave signals.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Demark
2-part question: DeMark for gold? Can one do manually?
Posted by payday on 20th of Oct 2013 at 05:29 pm
Interesting that you should bring this up - I have just returned from the IFTA conference in San Francisco and I listened to Rick Bensignor from Wells Fargo talking about his use of Demark indicators along with Ichimoku clouds. He applied his analysis to gold and the S&P 500. He didn't go into too much detail but the conclusion was the gold is most likely heading down to the $1100 area in the near term and the S&P 500 is in a longer term bull market with more highs to be seen.
An Important observation regrading the Tutorial trading method
Posted by matt on 21st of Oct 2013 at 12:57 am
yep doesn't really matter about the market - if SPX cash goes to 2000, my long term system will stay in it, if it doesn't and rolls over next year, will catch it
Lately, DeMark has been a contra-indicator
Posted by a_l_ on 21st of Oct 2013 at 12:57 am
His last two big public calls on the S&P have been wrong in a big way. I seem to recall one on Apple, too. I watched DeMark signals for over a year from someone who used the service from Bloomberg & wouldn't put great stock in it. I would put it about even with trying to trade off Elliott Wave signals.