Tom D'mark Sequential 13 sell signal as early as Monday next
week
TDMS gave a 13 daily sell signal at market to in Feb 2020.
It have a daily 13 buy at the higher low in early April 2020.
Current as of Friday have a 12 count. If the market Monday closes
above Thursday's close, then will print a 13 daily sell signal.
The market can either go sideways for a while or decline. It
is not a short signal. But a signal to take off some long exposure
and tighten stops.
Note it also gave a 9 sell in Feb, a 9 buy at early march 1st
down leg low, a 9 buy a week prior to March low. 13s provide a more
confident signal that 9s.
(The 13s are "aggressive" counts for those of you that
understand TDMS, based on a close greater than the close two days
[prior)
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Tom D'mark Sequential 13 sell
Posted by elliotw on 9th of May 2020 at 09:32 pm
Tom D'mark Sequential 13 sell signal as early as Monday next week
TDMS gave a 13 daily sell signal at market to in Feb 2020. It have a daily 13 buy at the higher low in early April 2020. Current as of Friday have a 12 count. If the market Monday closes above Thursday's close, then will print a 13 daily sell signal. The market can either go sideways for a while or decline. It is not a short signal. But a signal to take off some long exposure and tighten stops.
Note it also gave a 9 sell in Feb, a 9 buy at early march 1st down leg low, a 9 buy a week prior to March low. 13s provide a more confident signal that 9s.
(The 13s are "aggressive" counts for those of you that understand TDMS, based on a close greater than the close two days [prior)