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Two steps up and one back. The last couple of weeks I have been exploring the Thomas DeMark Sequential. Take a compass for this adventure. Boiled down I think I will take away the very basics and leave what seems to be endless qualifiers behind. Look at some of the trees but remember the forest. The trees I plan to look at are the SETUP which is the 1-9 count, the COUNTDOWN which is the 1-13 count, and the use of where these are as potential support or resistance markers.
I did find out that I am unable to scan for Sequential with MetaStock. This means I have to visually look for the numbers on the charts that show up after my scans. I also wrote a couple of scripts of the Sequential to show where the start of the Sell setup is. Ended up with erroneous results. I plan to go back and play with this and see what I come up with.
Overall the time has been well spent despite some reservations towards the Sequential. I do like having the numbers on the charts to provide a guide and the next week or so will be spent letting the whole concept gel in my brain.
During my DeMark searching I did come across a free charting program that I plan to use in conjuncture with MetaStock. It is NinjaTrader and it is pretty darn good. Link: http://www.ninjatrader.com/ Sometimes a change of view changes your thoughts. The charts below were created using NinjaTrader. Check it out for yourself.
The three stocks I plan to monitor for performance over the next couple of weeks are LRG.V, URA.V, and ADE.V. The charts are below. My time is limited or I would have come up with a couple of more. For now I will see how these ones perform.
PS. I am also going to monitor AMC.TO but do not have a chart right now. Maybe later. The top indicator on the charts is a BOP and the price setting is using blocks. New views new ideas.
Thank you for your time.
AMC.TO added.
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