Perl's definition of "TD Sell Setup": (page 4) ... nine consecutive closes, each one greater than the corresponding close four bars earlier. (page 5) After a TD Sell Setup successfully reaches nine, the first phase of "TD Sequential" is complete, and a TD Sell Countdown can begin.
Fine. Now let's go to page 23. The author writes: there is a misconception that the TD setup process stops once the count reaches 9. In actual fact, the TD Buy Setup can continue indefinitely, as long as the series of closes, each one of which is less than the close four price bars earlier, persists.
Now you can sense the frustration: is the Countdown deferred until the Setup phase, which can extend beyond 9 bars, is interrupted by a Price Flip or not? Does the Countdown phase begin after bat #9, regardless of whether the Setup phase extends beyond 9?
Those are some of the questions that the author fails to clarify. In "New Market Timing Techniques", DeMark himself makes it clear that the Setup phase can extend beyond 9 bars.
Here are some other questions left unanswered:
The author fails to illustrate what TRUE HIGH, TRUE LOW, HIGHEST TRUE HIGH, LOWEST TRUE LOW, TRUE RANGE and CLOSING RANGE are. All of these could have been clarified using a couple of charts instead of leaving the reader wondering