Cisco Upgrade Matches TD Sequential Completion
The DeMark indicators are fairly complex and can seem a little like "black magic" sometimes. No matter what you might think of their usefulness or their predictive behavior, I'm beginning to wonder if some analysts use them to time their upgrades or downgrades.
Take Cisco (CSCO) as an example. Yesterday, CSCO completed a perfected TD Sequential countdown and was immediately followed by an upgrade from Citigroup.
Citigroup analyst Paul Mansky upgraded the San Jose, Calif., networking-equipment maker to buy from hold, calling Cisco attractive for long-term investors based on its valuation.
I have not made any attempt to document this behavior, but I'm certainly going make more of an effort in the future. What I would really like to do is to go back and look at the historical upgrades for a group of stocks and see how they correlate with the TD Sequential and TD Combo indicators. Unfortunately, I do not have the time or resources to attempt such a study. Too bad, if it is true, it could be a significant trading edge.
7 comments:
Hi,
I am interested in knowing how you set up your TD seq and combo and TD Pressure graphs in Blocks. Would you mind sending me the copy of files to jayarama@verizon.net
Thanks, Jay
Hi Paul,
I noticed your custom code at the end of the page. I will try it.
I am novice Blocks user. Do you have scans set up in Blocks which gives you the output on a daily basis on TD Sequential Setup and CountDown, if so, could you please post them or send to my id: jayarama@verizon.net. Thanks, Jay
Hello Jay,
I'll put together a post for scanning for TD Sequential and TD Combo. I'll provide the code and some tips for using it.
Check back soon.
Paul
Thanks, I will check back. Appreciate your help -- Jay
Paul,
Is that vb.net code that you posted for the TD graphs?
Regards
Bob Mc
Yes it is. The full "how to" is posted.
Many Thanks
Regards
Bob Mc
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