Thomas DeMark Sequential System

Is this thread still active? Any comments on how close we are to a buy setup? I can count bars but not the interplay between setup and intersection etc. However, we seem to be close to the trigger.
We have just completed set up and 2 days of countdown....following scenarios may unfold :

1) We may slowly drip down and finally bottom somewhere in 4750-4700 range.This may takre slow grind of another 2 weeks.

2) Sell TDST is at 4705, that will give good support to this downmove.

3) If the market comes down in swift moves, we may bottom in next 6-8 days...the range could be as indicated in (1) above.

4) There is a small possibility that we will bottom in next 1-2 days without completing countdown......considering the global markets, I give very low probability to this option. But we should be looking to cover the short positions below 4750....

Let us see how it plays out....

Smart_trade
 
We have just completed set up and 2 days of countdown....following scenarios may unfold :

1) We may slowly drip down and finally bottom somewhere in 4750-4700 range.This may takre slow grind of another 2 weeks.

2) Sell TDST is at 4705, that will give good support to this downmove.

3) If the market comes down in swift moves, we may bottom in next 6-8 days...the range could be as indicated in (1) above.

4) There is a small possibility that we will bottom in next 1-2 days without completing countdown......considering the global markets, I give very low probability to this option. But we should be looking to cover the short positions below 4750....

Let us see how it plays out....

Smart_trade

Another great trade from Demark....Thanks ST for keeping us updated about these trades!!!
 

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