Mark D. Cook: SELL

B

Babak

I just read that Mark Cook has said his proprietary cum. tick indicator has flashed a major sell signal.

(see Schwager's Stock Mkt Wizards for indicator discussion)

“At this juncture I am seeing the potential for the US market to go into a free fall … the Cook cumulative tick is the most overbought since December 1999. I spoke at a conference in New York in February 2000. I warned the crowd that this market was going to get crushed. I had two dozen people walk out on me. I said, if you are in this market get out now … right now it is the same type of market. It is like the bear rally in 1929 before the October crash.”

This is a huge deal guys. Cook is one hell of a trader and this is one of his most reliable indicators. Make of it what you will.
 
To those not familiar with it, Cook's cum. tick indicator is an intermediate signal (weeks and months). It may be a little early but it usually isn't that early.

It has been known to fail but it is a very high probability setup that happens a few times in a year.

Anyway, I'm just the messenger. Think for yourself and do your own analysis. This is just for informational purposes, not a recommendation to buy/sell/short.
 
Quote from Babak:

I just read that Mark Cook has said his proprietary cum. tick indicator has flashed a major sell signal.

(see Schwager's Stock Mkt Wizards for indicator discussion)

“At this juncture I am seeing the potential for the US market to go into a free fall … the Cook cumulative tick is the most overbought since December 1999. I spoke at a conference in New York in February 2000. I warned the crowd that this market was going to get crushed. I had two dozen people walk out on me. I said, if you are in this market get out now … right now it is the same type of market. It is like the bear rally in 1929 before the October crash.”

This is a huge deal guys. Cook is one hell of a trader and this is one of his most reliable indicators. Make of it what you will.
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Big Thanks!!


I just remember seeing a recently updated chart somewhere on the net referencing the cummulative tick

wish I could find it again... will keep looking :)
 
Quote from Babak:

To those not familiar with it, Cook's cum. tick indicator is an intermediate signal (weeks and months). It may be a little early but it usually isn't that early.

It has been known to fail but it is a very high probability setup that happens a few times in a year.

Anyway, I'm just the messenger. Think for yourself and do your own analysis. This is just for informational purposes, not a recommendation to buy/sell/short.
More...

Thx...much appreciated. Do you have any idea how his trading is going these days? Still focusing on buying index options?
 
Quote from Babak:

I just read that Mark Cook has said his proprietary cum. tick indicator has flashed a major sell signal.

(see Schwager's Stock Mkt Wizards for indicator discussion)

“At this juncture I am seeing the potential for the US market to go into a free fall … the Cook cumulative tick is the most overbought since December 1999. I spoke at a conference in New York in February 2000. I warned the crowd that this market was going to get crushed. I had two dozen people walk out on me. I said, if you are in this market get out now … right now it is the same type of market. It is like the bear rally in 1929 before the October crash.”

This is a huge deal guys. And this is one of his most reliable indicators. Make of it what you will.
More...
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Babak
1] Thanks and do you have a link for that???????

2] Actually Mark Cook is one of my favorite stock/option traders;
have several of his principles in my plan.

Not to take any thing away from your interesting post!!!;
3]Dec 99 SPX/SPY was a good warning and also interesing ,the real technical damage was October 2000,10 months following.

4]May not be important at all, but the stuff am long now tends to outperform SPX/SPY ;
also interesting was in both of his examples , the real damage was in October, [and later]

Not a a prediction.



:cool:
 
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