Mark D. Cook: SELL

Quote from TorontoTrader2:

I agree, mhashe. Look @ QQQQ daily...clear 4 waves since bottom in April, if one believes this is a wave 4 pull back, then a blow off top wave 5 is ahead.
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Yep!
 
I wrote Mark a few days ago asking him about the indicator. He wrote back:


Quote from Mark D. Cook:

there is much more to the formula i use for the COOK CUMULATIVE TICK than just isolated ticks.......this is the scariest numbers i have ever witnessed.......i have traded 28 years
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Well, there you have it. Make of it what you will.

btw the quote is unedited, I thought I'd mention that since to some it might appear like I'm taking snippets out.
 
Quote from coasting:

So, somebody's proprietary indicator

"has been known to fail"

BUT

"it is a very high probability setup".


WTF does this mean?
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My thought is, all signals can fail from time to time - doesn't mean you cannot still make money when they work.

It takes more than signals to beat the market.

I think Mark is authentic.

Mark's call is similar to Buffett recently calling oil's top (according to the news).

jmo,

fx
 
Quote from sKaLpZ:


I think Mark is authentic.

fx
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I didn't say he was not authentic. But since none of his "fans" know how he computes his indicator or how the indicator fails (when it does) then you cannot put your money into what he says.

There is no need to listen to Mark or any other poster no matter what credentials they have. Seems to me that the "wizard" title has blinded a few in this forum. Learn to read the market for yourself, never ever listen to anybody else.

For what it's worth I too see this market topping but have no signal yet. Tops are difficult to time, it's best to wait them out.
 
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