Tom de mark sequential monitor for nifty50 stocks

Sir, couldn't understand that, haven't read about that either, can you further explain a bit.

It is there in DeMark book...it is called terminal count.

Will explain on weekends...tired today.

Smart_trade

TD buy termination count 13.
Its a more aggressive approach recommended by DeMark for marking CD 13(only).
Buy CD example:
In this case open of bar 13 (rather than close) or Low is compared with low two bars earlier, i.e. open of bar 13/Low should be lower than low 2bars earlier.
That's why the bullish bar that came after CD 12 in Syngene chart (on previous page) forms CD13.

Vivek

Its a clarification regarding selection of reference setup for Countdown ("about 1.618 times thing"). http://www.traderji.com/technical-analysis/23286-thomas-demark-sequential-system-17.html#post209568
Posting this from one of posts of ST sir in previous DeMark thread:
"Now the rule is if the second set up length (pointwise distance travelled) is more than 1st set up but less than 1.618 of the first set up ,then ignore 1st set up and start countdown on 2nd set up.

If the length of 2nd set up is less than length of 1st set up or more than 1.618 of 1st set up then ignore second set up and continue the count down on 1st set up only" .

Another one: http://www.traderji.com/technical-analysis/23286-thomas-demark-sequential-system-17.html#post209585

"De Mark has suggested another entry which I find very good. It is as under :

On or After 13th countdown bar, enter whenever the mkt closes above the open.

Also incorporate the TERMINAL COUNT It says that only for 13th countdown day,the condition of close<low 4 days back is relaxed and made more liberal and the condition is the low <low 2 bars ago."

:thumb::thumb:key rule to take into account, doubt is now cleared

What about the qualifier of 13th Close < 8th Low? Is this replaced by low< low 2 bars ago?

Its 13low <8close (buy CD example) its mandatory, if it is absent 13 will be deferred (even if other condition is met), we need both conditions met.

Vivek

Another gem from ST sir, explaining the concept in a holistic way (Wholistic)
http://www.traderji.com/technical-analysis/23286-thomas-demark-sequential-system-26.html#post571597
"My view is when the market gets set up in a trend....its final top/bottom is decided , the course it takes depends on news, Government policies,economic data etc and if no major change in supply/demand equation, then it will top/bottom at a level which is decided well in advance based on how the trend gets kicked off...like a football when kicked in the air, has a fixed trajectory depending on how strongly it is kicked. Sequential and Combo help us to zero in on this final location of top/bottom .I tend to hold this belief because many times Sequential and Combo both different techniques ( and different ways of counting ) identify the tops/bottoms on exactly the same bar...isn't it amazing ?

There is cycles angle also to it...we all know that cycles exist in the markets and sequential is a mechanical way of finding cycle tops/bottoms rather than going with 60 days,180 days etc fixed days cycles. This way we continuously monitor the progress of the market in the current ongoing cycle."

This one regarding TDST lines' orientation:
http://www.traderji.com/technical-analysis/23286-thomas-demark-sequential-system-39.html#post740735
"TDST red lines are support lines and blue lines are resistance lines. TDST blue line above the red line means market is in uptrend and the dips/declines are corrective movements. TDST red line above the blue line means that the support has been broken and new support yet to be formed and resistance lines are shifting downwards.....soon a new red line below the blue line will get formed".