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Inside Trading this week features an article from Tom DeMark explaining price pattern relationships he developed after much personal research.
Next, Lee Gettess brings us his video newsletter on what he expects from the S&P and bond for the coming week.
Then, Don Fishback discusses exchange traded assets.
Last,
Norman Hallett presents a video on listening
to the market.
Enjoy!
Adrienne LaVigne
TradeWins Publishing
The following is an excerpt from The New Science of Technical Analysis
A fictional cartoon character named Waldo has been popularized and promoted in books, posters, puzzles, and a game entitled “Where’s Waldo?” His creator, Martin Handford, has made it a challenge to find Waldo in the midst of hundreds of other cartoon figures. Camouflaged and hidden in the extreme recesses of these pictures is Waldo. His location is difficult to identify, but once shown or discovered it becomes obvious. This exercise reminded me of a similar process I have been involved in for years – identifying, on a chart, price patterns that are obscured and overwhelmed by the price activity surrounding them. Once I became aware of what to look for, however, this process was simple. Consequently, I have labeled these chart relationships and patterns as Waldo patterns. Rather than get into a lengthy discussion regarding their genesis, I will merely highlight their existence and underscore some of the observations I have made regarding their implications. Suffice it to say that I suggest you research these Waldo patterns to determine whether they might play a role in your trading program. Whether you deal in equities, futures, or cash markets, these patterns should convey similar messages.
When I started in the investment business, I was introduced to all the generally accepted market models, indicators, and techniques. It took approximately one year of hard work and heavy indoctrination by market technicians before I fully grasped the commonly used systems and approaches to market timing. What I learned always appeared good on paper, but to reproduce it and apply it was difficult. My solution was to create original research regardless of the time and expense involved to accomplish it. What surfaced from this research project was the revelation that many of the interpretations assigned to widely followed and often quoted market patterns were just the opposite of what they should have been.
"Waldo" Patterns
Lee Gettess' Market Sense
Lee Gettess is a top trader who is excited to bring you his video newsletter. Each week, Lee will share his predictions on what he anticipates from the bond and S&P markets.
Click the above image to view the video
Trading Options on Exchange Listed Assets
The following is an excerpt from Don Fishback's Options for Beginners
The real world of commerce can often be “illiquid”. What we mean by “illiquid” is that it is often a time-sensitive process for a seller to find a buyer. The same thing goes for sellers trying to find buyers who want to purchase. Often, you have to search far and wide, using an agent, and then you have to spend time with attorneys and bankers, not to mention the negotiating process with the seller to finally come up with a transaction price.
There just isn’t any centralized marketplace where you can simply pick up the phone and say “sell” and have your inventory instantly sold.
Exchange Traded Assets
This
week Norman draws a correlation between listening
in his personal life and listening to the
market. He talks about the mistake of jumping
in the middle of a "conversation with
the market" while you're trading.
How good of a listener are you?
Watch video
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Thomas DeMark has spent 28 years in the investment business. DeMark has been a consultant to large hedge fund and mutual fund managers, and his many clients have included George Soros, Paul Tudor Jones, Union Carbide, IBM and many others. The featured speaker at numerous conferences, he has also written several articles for financial magazines and two successful books on market timing, The New Science of Technical Analysis and New Market Timing Techniques.
Tom DeMark's The New Science of Technical Analysis
"This may be the most imaginative, informative and valuable investment book ever written!"
Tom's breakthrough methodology incorporates a number of new technical indicators that, when used appropriately, are incredibly accurate at forecasting changes in market direction. These indicators are price anticipatory. They consistently and accurately identify market entry and exit points to coincide exactly with upcoming turning points in market trends.
While highly scientific, Tom's indicators are startling in their simplicity. You don't need a Ph.D. in math to understand or apply them. All you need is a basic understanding of the markets and the dynamics of price movement.
The New Science of Technical Analysis
Andy Chambers
Chuck Hughes
Chris Verhaegh
Connors & Hayward
Dale Brethauer
Darrell Jobman
Dave Caplan
Ken W. Chow
Peter McKenna
Ray Frazier
Tom DeMark
Tony Catalfamo
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PLEASE READ. Past results are not necessarily indicative of future results. There is a substantial risk of loss trading commodities, stocks, bonds and options with or without this or any other advertised product, service or system. Also hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
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