December 6th, 2011 Market Recap with DeMark Interview

Despite the risks for European downgrades across the board the market barely budged and traded down slightly on lower volume.

I've included a great Bloomberg clip of Tom DeMark being interviewed. For those who may not be familiar, he is a market guru who popularized many advanced (that's an understatement) indicators for determining support, resistance, turning points, etc. in the market. DeMark predicts the S&P 500 will move to between 1330 and 1345 by December 21st *ish before reversing back to the downside. Considering how right he has been recently, the interview is worth a watch (hat tip STTG reader Abror!).

Stay frosty out there.

And a quick look at natural gas courtesy of today's stockcharts.com blog shows prices may be gearing for a break under $3.25.

*Email readers - visit the site to view the clip

Comments

  1. Posted by Abror on December 7, 2011 at 11:55 am

    Btw, the best book about his indicators is by Jason Perl, UBS TA analyst who covers exclusively Demark indicators. Just search for a free download on google "DeMark indicators Jason Perl"

  2. Posted by Blain on December 7, 2011 at 12:36 pm

    I hope it is not TOO complex... :P

  3. Posted by Abror on December 7, 2011 at 5:23 pm

    Lets call it stimulating...LOL