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Re: Fw: Fw: 1st Month's Lessons Report Card:



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In a message dated 97-08-15 00:27:25 EDT, you write:

<< Offshrttrst:
 
 1.  It would be helpful if you signed your name to your e-mail.
 
 2.  Where is this magazine "past, present, future" published?
 
 3.  MMurrey may indeed have much of value for us.
 
 4.  I'll repeat what I have said many times:  If Gann were as good a trader
 as his legends he would, at the very least, owned this country. It is
 difficult enough for most people to learn a new method or understand a new
 idea, without the proponent making it difficult
 
 thanks for this posting.
 
 Lionel Issen
<snip>

NATIONAL INSTITUTE OF INVESTMENT RESEARCH
1821 Wilshire Blvd. Suite 415
Santa Monica,  CA  90403
(800) 545-9331   Fax (310) 829-1546

Editor:  James Flanagan

continuing with post <snip>
 
 At 12:31 PM 8/14/97 -0400, Offshrtrst@xxxxxxx wrote:
 >In a message dated 97-08-08 10:22:46 EDT, lissen@xxxxxxxxxx (Lionel Issen)
 >writes:
 >
 ><< 
 > When discussing Gann's methods and history, let's deal with verifiable
 > facts. One of them is that Gann was not very wealthy when he died, another
 > is that he made his living selling courses.
 >  >>
 >
 >
 >In a letter that I received from Mr. James C. Flanagan, Editor of "Past,
 >Present,
 > Futures" newsletter he states in reference to Mr. W. D. Gann;
 >
 >"The legend revolves around his ability to pick exact turning points in
 >stocks and commodities without the use of "inside information". This
brought
 >him acclaim as the "Guru of Wall Street", "Master Economic Forecaster" and
 >"Authority on Prediction of Securities". He forecasted the high in the
Stock
 >Market in 1929 nine months in advance, and the "depression low" in 1932 six
 >months in advance. Another remarkable prediction was made during the summer
 >of 1909 when he stated that Sept. Wheat would sell at $1.20 a bushel. This
 >meant that it must touch that price before the end of the month in Sept. At
 >12:00 o'clock, Chicago time on Sept. 30 (the last trading day), the
contract
 >was selling below $1.08 and it looked as though his prediction would not be
 >fulfilled. Mr. Gann said, "If it does not touch $1.20 by the close of the
 >market it will prove that there is something wrong with my whole method of
 >calculations. I do not care what the price is now, it must go there." It is
 >now a matter of record that Sept. Wheat surprised the whole country by
 >selling at $1.20 and no higher in the very last hour of trading, closing at
 >that level."
 >
 >Mr. Flanagan refers to Gann's "Master Time Factor" that many searched for
 >within his materials, until it was published in 1983 in a book called "My
 >Story - A Search for W.D. Gann's Master Time Factor" by one calling himself
 >"the Seeker". It seems that Mr. Murrey has found this same 'factor'.  I for
 >one am paying close attention to these discoveries and trying to
incorporate
 >them in my strategies - I have a lot to learn.
 >
 >According to Mr. Flanagan, there are 13 Master Time Factor Cycles which
will
 >be completed by August 1997. The Great Cycles are the 60 & 90 day cycles
and
 >will be joined with 14 other bearish cycles, which according to his
 >calculations, he does not believe the market can continue to advance after
 >Sept. 1997.  He states further that, 
 >
 >"in the 210 year history of the N.Y. Stock Exchange, there has never been a
 >bull market top between October of the "7th" year and October of the "8th"
 >year." Vol. 8, No. 7 July 1997 'PAST PRESENT FUTURES' newsletter.
 >
 >Is there a foreboding logic and truth to what we are hearing?
 >
 >     "That which has been is that which will be, And that which has been
done
 >       is that which will be done. So there is nothing new under the
sun..."
 >
 >
                                                                     Solomon
 >
 >FOOD FOR THOUGHT !!!
 >
 >Regards,
 >SRR/arr
 >
 >
 >***************************************************************************
 >Survive Financially, Eliminate Estate & Probate Taxes, Real Judgement
 >Proofing,
 >Shelter from Creditors and Bankruptcy, Ultimate Asset Protection. Send
Email
 >to
 >(subject=Info) OffShrTrst@xxxxxxx , Avoid Income Taxes Legally
 >(subject="NMT")
 >
 >***************************************************************************
 > >>

Regards,

Stephen R. Renfrow, Director
CONSOLIDATED INVESTORS GROUP
c/o Non Domestic
P. O. Box 32534
Palm Bch. Gardens
FLORIDA Republic

SRR/arr