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2nd Half 2011, Cover Stories, Current Market Timing Signals
Seven Sentinels Current Signal
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IYB (Don) has been a trader and student of the market for more than four decades. He spent two decades on Wall Street as a top producing broker for Merrill Lynch, Shearson and others, and today is one of the most prolific contributers to Traders-Talk.com, a popular meeting spot for top equities and commodities traders, where he has been sharing his detailed technical analysis, unique trading tools, and general trading concepts since 2002. He is the author and creator of the highly acclaimed Seven Sentinels market indicator, among other technical tools:
The concept of the Seven Sentinels is my own and is based on a very simple but universal truth that I've observed in nature, everywhere I look, since I was a child - the principle that external follows internal. The Seven Sentinels are internal measures of the pressure produced by prevailing money flow into or out of the markets. External price movement follows this building pressure as a very natural process, just as birth follows pregnancy, exhaling follows inhaling, a volcano follows the build up of gases below the Earths surface or a Tsunami follows a 10.0 earthquake. If you observe the one, you can trade in sync with the other. This simple truth provides perhaps the most powerful trader's edge in existence.