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[cafeflorida]

There is an archived interview with
Robin Dayne on Voice America's Elite
Masters of Trading recorded on 4-12-2006.
Cook discusses the Cumulative Tick Indicator.

http://www.robindayn...m/archives.html

Direct link:



At 19:45 into the .mp3, Cook says "....the
overbought reading that we have currently
at this time is giving us a signal that the
S&P futures will decline 300 points.... (wOw,
wOW! [Robin Dayne]...."

At 40:20 ".....now asking me when I think this
will materialize....it will happen before 2006
is completed....(yep [Robin Dayne]...."

As a benchmark for the merits or demerits of the
Cook Cumulative Tick, you make the call.

The CCT as a heads up on market conditions? sure.
Tradeable information? By itself, I don't think so.

The 300 point retracement he was expecting
didn't begin to materialize until about 17
months after this interview. The June/July, 2006
retracement didn't qualify.

But maybe I'm being too hard on him.

[Data]

It declined about 100 points in 3 weeks after the interview. It was precipitated by the Bank of Japan raising their interest rate by .25. After that, the G-7 forced the BoJ to back off. Two 10-percent declines on two interest rate increases was more than they could stomach.