Hi Zoned, it is recycled on the daily spx. The weekly qqq
are nearing the 13 sell. This is not a short signal. It is
just an other factor to take into account like bearish technical
and breadth divergences. ie to be on the look out for a trend
change and to tighten up stops. SMH had a weekly 13 sell the
week prior to the Feb/March dump.
The qqq may pull back or may go sidesways for a while, as
$$ rotate into other sectors like the Dow, XLF, RuT, Spx
The CC video you mentioned mentioned a recycled daily 13 in Nov
13. He didn't show month 4 when the market crashed in Feb 2020.
"In the know trader" utubes videos every Tuesday give a better
view of TDMS. It is also in TOS, but TOS has errors in its
coding.
Hi Zoned, it is recycled
TDMS, the Tom Demark Seq system will print a weekly ...
Posted by elliotw on 31st of Aug 2020 at 06:45 am
Hi Zoned, it is recycled on the daily spx. The weekly qqq are nearing the 13 sell. This is not a short signal. It is just an other factor to take into account like bearish technical and breadth divergences. ie to be on the look out for a trend change and to tighten up stops. SMH had a weekly 13 sell the week prior to the Feb/March dump.
The qqq may pull back or may go sidesways for a while, as $$ rotate into other sectors like the Dow, XLF, RuT, Spx
The CC video you mentioned mentioned a recycled daily 13 in Nov 13. He didn't show month 4 when the market crashed in Feb 2020.
"In the know trader" utubes videos every Tuesday give a better view of TDMS. It is also in TOS, but TOS has errors in its coding.
Thanks for taking the time
Posted by z0ned on 31st of Aug 2020 at 09:51 am
Thanks for taking the time to reply Elliotw!