Quote from SunTrader:
So TD Sequential no longer works does it. No, never happen. Useless, hyped. 
Well then how about once again a 5min ES chart not once but twice in the overnight globex session - a sell and then a buy. I guess RSI divergences/reverse divergences don't work either ? Confirming TD Seq.
Are these techniques infallible or the holy grail. No, but DeMark never claimed there are. Just another trading tool.
Testing proves .......... that something or someone passed a test. Nothing more.
Believe it or I have used TD Seq for over a decade winning and losing (more of the former) with real, not demo money, on the line.
Heh, 10+ years of profitable trading (or so he claims) and nothing but a screen shot?
You realize that any indicator (MACD, RSI, sun spots, rabbit reproduction patterns) can appear to "call" a top/bottom or great entry point...right? Just look at any chart and you'll eventually see some great setups. It's the ability to repeatedly make these calls that shows if an indicator is truly profitable and robust.
Again, all this talk about "you have to use TD with other indicators" proves nothing. How do you know if TD is responsible for the accuracy or if it's the other indicators? Have you controlled for this?
As for TD working with Jones, it's meaningless unless PTD has quantified how TD's work has helped him. Top pro athletes call in all sorts of trainers, nutritionists, sports psychologists, etc. Invariably, they end up working with a few crackpots as they experiment and try to tweak every aspect of their game. (Steven Seagall working with a couple of top mixed martial artists comes to mind.) Top fund managers are no different.
I'm quite sure Robert Prechter, who has called for a huge, multi-year bear market since 1989, has had a bigger impact on PTD than Demark:
http://www.nytimes.com/2007/10/13/business/13speculate.html?pagewanted=all
Should we combine Prechter's wave analysis (short side only) with TD's stuff to make it even better?
