Thomas DeMark Sequential System
- Thread starter leo_3455
- Start date
so ritesh, just to confirm - this is what you want me to do - compare powergrid OHLC in my amibroker against NSE.
Amibroker - I can go candle by candle, but i wonder if amiboker has a way to show OHLC in a tabular form.
NSE - I usually check prices at yahoo, sometimes google since i expect them to be a copy of nse. what's your recommendation in terms of where to get the data - if NSE - which URL there gives us that?
i am done with other stuff and can do this comparison as soon as you confirm.
also, i will compare all dates within the last 3 months - is that right/enough?
Amibroker - I can go candle by candle, but i wonder if amiboker has a way to show OHLC in a tabular form.
NSE - I usually check prices at yahoo, sometimes google since i expect them to be a copy of nse. what's your recommendation in terms of where to get the data - if NSE - which URL there gives us that?
i am done with other stuff and can do this comparison as soon as you confirm.
also, i will compare all dates within the last 3 months - is that right/enough?
Here you go with the reason: I have this data, yahoo does not and most likely you do not.
NSE, BSE to hold special trading session on September 8
MUMBAI: Country's two leading bourses BSE and National Stock Exchange (NSE) will conduct special live trading session on September 8 in various segments such as futures & options.
The trading would start at 11:15 am and close at 12:45 pm for both exchanges, the two bourses have said in separate announcements.
[ADD] - Google has this data.
NSE, BSE to hold special trading session on September 8
MUMBAI: Country's two leading bourses BSE and National Stock Exchange (NSE) will conduct special live trading session on September 8 in various segments such as futures & options.
The trading would start at 11:15 am and close at 12:45 pm for both exchanges, the two bourses have said in separate announcements.
[ADD] - Google has this data.
actually i am righting through my phone and dont have access to amibroker right now!!!
i saw powergrid quote on www.moneycontrol.com and it seems to be a positive candle today... so buy is confirmed... now lets see how the stock performs in the coming days!!!
i saw powergrid quote on www.moneycontrol.com and it seems to be a positive candle today... so buy is confirmed... now lets see how the stock performs in the coming days!!!
DeMark Sees China Index Rally as Bears Exhausted Below 1,960
By Lu Wang - Dec 4, 2012 9:03 AM GMT+0530
( From a Story done in Bloomberg today)
The Shanghai Composite Index (SHCOMP) will rally 48 percent within nine months after its decline below 1,960 signaled selling has climaxed, according to Tom DeMark, the creator of indicators to show turning points in securities.
The benchmark index for Chinese equities will advance to 2,900 after its decline produced a buy signal on the Sequential and Combo charts, designed to identify market tops and bottoms, said DeMark, who has spent more than 40 years developing market- timing indicators. The Shanghai index fell 0.4 percent to 1,951.85 at the 11:30 a.m. local-time break, the lowest level since January 2009, and is down 11 percent in 2012.
“Everyone is negative on SHCOMP index, absolutely everyone,” DeMark wrote in an e-mail, referring to the Chinese benchmark gauge’s ticker symbol. “And now is the perfect environment to make a low and be positive as the last seller, figuratively speaking, has sold.”
China is headed for its slowest economic growth in more than a decade as the central bank tightened monetary policies in 2010 and 2011 to tame inflation. The People’s Bank of China raised its benchmark interest rate five times during the last two years before cutting twice in 2012. The economy is projected to grow 7.7 percent this year, the slowest since 1999, according to median estimate of 49 economists surveyed by Bloomberg.
13 Countdown
Both DeMark’s Sequential and Combo indicators completed “13 countdown” on a daily basis for the Shanghai index last month. In general, DeMark’s “countdown” study involves comparing a security’s closing price to its highest or lowest levels two periods earlier, with cycles of “exhaustion” forming when a pattern continues 13 times.
On the weekly basis, the Combo indicator finished “13 countdown” in September while the Sequential chart formed a “12 countdown” last week.
“I believe SHCOMP index made a low and should have a very strong rally for a number of months,” DeMark wrote.
DeMark, an adviser to Steven A. Cohen’s SAC Capital Advisors LP, predicted last year that the Standard & Poor’s 500 Index’s retreat would stop at 1,076. The index bottomed at 1,074.77 on Oct. 4, 2011. His Oct. 24 call for the S&P 500 to make a “solo move” and rally 5 percent to about 1,480 around the presidential elections didn’t come true. The index hasn’t gone above 1,428.39 on a closing basis since the forecast.
DeMark provided consulting to hedge funds including George Soros’s Soros Fund Management LLC and Leon Cooperman’s Omega Advisors Inc.
http://www.bloomberg.com/news/2012-...dex-rally-as-bears-exhausted-below-1-960.html
Smart_trade
By Lu Wang - Dec 4, 2012 9:03 AM GMT+0530
( From a Story done in Bloomberg today)
The Shanghai Composite Index (SHCOMP) will rally 48 percent within nine months after its decline below 1,960 signaled selling has climaxed, according to Tom DeMark, the creator of indicators to show turning points in securities.
The benchmark index for Chinese equities will advance to 2,900 after its decline produced a buy signal on the Sequential and Combo charts, designed to identify market tops and bottoms, said DeMark, who has spent more than 40 years developing market- timing indicators. The Shanghai index fell 0.4 percent to 1,951.85 at the 11:30 a.m. local-time break, the lowest level since January 2009, and is down 11 percent in 2012.
“Everyone is negative on SHCOMP index, absolutely everyone,” DeMark wrote in an e-mail, referring to the Chinese benchmark gauge’s ticker symbol. “And now is the perfect environment to make a low and be positive as the last seller, figuratively speaking, has sold.”
China is headed for its slowest economic growth in more than a decade as the central bank tightened monetary policies in 2010 and 2011 to tame inflation. The People’s Bank of China raised its benchmark interest rate five times during the last two years before cutting twice in 2012. The economy is projected to grow 7.7 percent this year, the slowest since 1999, according to median estimate of 49 economists surveyed by Bloomberg.
13 Countdown
Both DeMark’s Sequential and Combo indicators completed “13 countdown” on a daily basis for the Shanghai index last month. In general, DeMark’s “countdown” study involves comparing a security’s closing price to its highest or lowest levels two periods earlier, with cycles of “exhaustion” forming when a pattern continues 13 times.
On the weekly basis, the Combo indicator finished “13 countdown” in September while the Sequential chart formed a “12 countdown” last week.
“I believe SHCOMP index made a low and should have a very strong rally for a number of months,” DeMark wrote.
DeMark, an adviser to Steven A. Cohen’s SAC Capital Advisors LP, predicted last year that the Standard & Poor’s 500 Index’s retreat would stop at 1,076. The index bottomed at 1,074.77 on Oct. 4, 2011. His Oct. 24 call for the S&P 500 to make a “solo move” and rally 5 percent to about 1,480 around the presidential elections didn’t come true. The index hasn’t gone above 1,428.39 on a closing basis since the forecast.
DeMark provided consulting to hedge funds including George Soros’s Soros Fund Management LLC and Leon Cooperman’s Omega Advisors Inc.
http://www.bloomberg.com/news/2012-...dex-rally-as-bears-exhausted-below-1-960.html
Smart_trade
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| R | Thomas Cook shares | Equities | 2 | |
| F | need afl conv "Moving beyond the closing price" by Thomas Stridsman-tradestation code | AmiBroker | 0 | |
| R | thomas cook | Position Trading | 0 | |
| Y | Thomas N. Bulkowskis patterns | AmiBroker | 4 | |
| A | pivots used by Thomas DeMark | AmiBroker | 7 |
Similar threads
-
-
need afl conv "Moving beyond the closing price" by Thomas Stridsman-tradestation code
- Started by ford7k
- Replies: 0
-
-
-