It’s also a good time to remember one of Warren Buffett’s famous investing tips: “Be fearful when others are greedy, and greedy when others are fearful. Eventually, sellers will get exhausted and that is what creates interim market bottoms.ĭeMark Indicators are excellent at spotting times when selling exhaustion and short covering tend to occur. The criteria for a Setup within TD Combo are the same with those required for a Setup within TD Sequential. A lot of bad news has already been priced in. 1.TD Combo TD Combo is better when you have sharp directional moves, because it requires only thirteen price bars from start to finish compared to TD Sequential which needs at least 22 bars. But the big tactical difference between now and January is that many of the things I’ve been worried about others are now worried about, too. The other is a special rule about the 13th count, where. ![]() There must be nine consecutive closes higher/lower than the close. TD Setup compares the current close with the corresponding close four bars earlier. TD Setup is the first one and it is a prerequisite for the TD Countdown the second component. ![]() Fundamentally, I still don’t love the macro setup. One is the Aggressive versions of Sequential and Combo (comparing Highs and Lows, instead of Closes). TD Sequential indicator consist of two components. In the strategies I manage, I’ve been defensively positioned for most of this year. Some of the biggest rallies happen in bear markets. One of Tom DeMark’s favorite sayings is, “A trend is your friend until it ends.”Įven if you think stocks will keep spiraling into a prolonged bear market, the “Highway to Hell” isn’t likely to be a one-way street.
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