Showing posts with label Tom Demark. Show all posts
Showing posts with label Tom Demark. Show all posts

Tom demark sequential

Posted by Andy Law | 17:51 | , | 0 comments » Share/Bookmark

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Most traders are trend followers. They accept the widespread belief that the trend is a trader’s friend. Many years of exhaustive research and trading experience have convinced us that this notion is flawed. For the sake of completeness, we have added a corollary to this premise—the trend is your friend, unless the trend is about to end.

Human nature is such that we are inclined to extrapolate current events into the future. Some expectations have outcomes that are immutable and universally applicable: The sun rises in the morning and sets in the evening. Cut your hand with a knife and you will bleed. Fall from an elevated level and gravity will pull you down. There are no exceptions. Other expectations may be disappointed: Flip a light switch and a dark room becomes bright—but what happens if the electricity is not in service?


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