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<DIV><FONT color=#000000 size=2>When Mark Brown speaks, I will listen. His
knowledge and authority are unquestionable. He scares me. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>However, I too have been intrigued with the
Profitunity approach for quite some time. It is simplistic and compelling. Both
Bill Williams books I thought were a good read and I have been trying to figure
out for some time now if the approach will work for me. My backtesting of the
software "Investors Dream" is showing mixed results: taking the
pyramiding signals in the false breakouts is seeming to be a problem that I
haven't been able to overcome yet. These losses are what is keeping my testing
from being profitable. These are not to be confused with the "low rent
district" losses. According to the book, the answer lies somewhere in
developing an "educated intuition".</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>This is either the greatest trading approach ever, or Mr.
Williams is a more prolific liar than the antichrist. I VOW TO GET TO THE BOTTOM
OF THIS IF I HAVE TO TEST THIS SOFTWARE AND EDUCATE MY INTUITION UNTIL I AM DEAD
!!!</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>If this system is a farce, then the world is truly full of
unscrupulous and evil system vendors. Those two books are among the most
enjoyable and lucid books I have ever read in my life. Every and all the right
buttons are pushed in the traders psyche. Of course, this guy is a PhD in
psychology as is his wife. Who knows how to push buttons better than a
psychotherapist right?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>And....John Hill of Futures Truth on the books' backcover
quotes: "The principles are sound as we have tested them with our
software." But when I send an inquiry to Futures Truth asking for test
results, they say they don't have any. WTF?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>From my internet inquiries, I've received no positive
confirmation about this system vendor, only confirmation that this Bill Williams
guy is to be watched. That that is the result of disgruntled persons who refused
to make the psychological adjustments to make the system work is possible. But
logically one has to assume that at least one person might have come forward
PUBLICLY to confirm that Mr. Williams is a genius or at least a stand-up guy.
UNLESS: the approach is such a breakthrough idea that the Profitunity players
making a bundle are keeping it quiet and to themselves.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Now, Mr. Williams claims in his book that he was offered seven
figures to not reveal this approach to other traders (page 5) by a guy of George
Soros calibre. How can a person make these claims if they are not true and look
in the mirror at himself? </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>I don't know how yet, but I'm gonna figure out a way to get to
the bottom of this.There has to be a way to verify statistically the viability
of this simple system and I will find it. The educated intuition part must be
quantifiable to some extent as well. Since I just retired from the submarine
service (where BS wasn't tolerated), I feel this new mission is worthwhile.
These books could be the highest and most insidious form of SPAM known to
mankind. Or, they may hold the key to the Holy Grail and Mr. Williams gets a
noble prize.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Good Trading All</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Rod </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV>9 Feb 1999 13:56:35 -0800<BR>From: "Glen Wallace" <<A
href="mailto:gcwallace@xxxxxxxx";>gcwallace@xxxxxxxx</A>><BR>Subject: Re: Bill
Williams' Profitunity indicators<BR><BR>I read that article, too.
Unfortunately I didn't keep it and now I can't<BR>find it at Futures Magazine's
website, so if anyone else has it, please post<BR>it.<BR><BR>The criticisms were
valid. I recall one was that Bill Williams blasted the<BR>$3,000 trading
system and black-box vendors, and then made sure to mention<BR>his Investor's
Dream software. I think the other criticism was an example<BR>of a 3-month
Dell trade using his system that produced a $35,000 profit.<BR>Williams did not
mention that the capital required to execute all the buy<BR>signals was
$180,000. In fairness to Bill Williams, this was just an<BR>illustration
of how the trades are executed. That kind of capital allocated<BR>to a
single security is not required to trade the system.<BR><BR>I would add a couple
more criticisms, myself. First, he repeatedly (and<BR>annoyingly)
refered to the formula for calculating a price midpoint as<BR>(H-L)/2 rather
than (H+L)/2. Second, some of his descriptions of his<BR>indicators were
less than precise and it took some work to accurately define<BR>them. I
must say, though, that his trading group in Texas City, Texas were<BR>helpful in
clarifying this for me.<BR><BR>To call Bill Williams a scammer, however, I think
is a bit harsh.<BR></DIV></BODY></HTML>
</x-html>From ???@??? Tue Feb 09 20:55:14 1999
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From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Primate vs Prophet EOD service
Date: Tue, 9 Feb 1999 19:57:22 -0800
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Glen
It's possible. At the time, my ISP was PacBel. The reason I questioned
whether or not it was PacBel problem is that I didn't have any problems
elsewhere except with Prophet.
It didn't appear to be timing out. According to Equis, Prophet didn't
complete the transmission, whether at the end of the whole download or after
individual blocks of 10 downloads within the download. When I looked at the
Capture file, it showed that they only sent the correct code following some
of the groups (within each download, the prices are broken into groups of 10
followed by some sort of code or checksum that Downloader looks for in order
to establish the data was transmitted correctly. For example, the first
group of 10 would be followed by an N which signified errors in the group.
The second group would be followed by a C which indicated a correct group
(my interpretation). Anyway, there appeared that (a lot of the time) the
information was there but without whatever checksum or control necessary to
let Downloader know that it was OK to process. This lack of completion is
the same problem Telscan is having, according to Equis.
I use CompuServe for my numbers regularly without any problems.
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Glen Wallace
Sent: Tuesday, February 09, 1999 2:08 PM
To: MetaStock listserver
Subject: Re: Primate vs Prophet EOD service
Guy:
I download indices, stocks and a handful of mutual funds, and typically
between 4:00 and 5:00 PST. In the last month I upgraded to a cable modem
and the actual download time is now very fast. The biggest delays are
verification of all the folders and the updating of the database after the
download (both DownLoader problems, I think).
Could it be your ISP causing the time-outs?
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: February 9, 1999 10:41
Subject: RE: Primate vs Prophet EOD service
>I never upgraded to 6.52 and couldn't get 6.5 to work. Were you doing
>stocks or futures? At what time of day. I pick up my numbers right after
>7:30PM ET. That is probably a busy hour of the day.
>
>Anyway, all of my tests were with Downloader 6.5.
>
>Guy
>
>
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx
>[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Glen Wallace
>Sent: Tuesday, February 09, 1999 8:20 AM
>To: MetaStock listserver
>Subject: Re: Primate vs Prophet EOD service
>
>
>Apparently Prophet is having trouble with DownLoader 6.52 (they think it's
a
>conspiracy). When I switched back to 6.5, my problems disappeared.
>
>
>-----Original Message-----
>From: Roger Buford <rbuford@xxxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: February 8, 1999 22:03
>Subject: Re: Primate vs Prophet EOD service
>
>
>>Was in the middle of MS update from Prophet using the Downloader as I was
>>reading this. The update busted when Downloader timed out due to no server
>>response. Unfortunately, this is a daily occurrence. I'm very disappointed
>>with the Prophet/Downloader combo. The only reliable time to update is in
>>the morning or on the weekend when server traffic seems to be much
lighter.
>>Download speed then becomes almost acceptable. I'm looking for another EOD
>>provider.
>>
>>
>>
>>At 12:45 PM 2/8/99 -0600, you wrote:
>>>Someone on this list stated in a post last week that they were leaving
>>>Primate and going to Prophet. I have been a Primate user for about 45
>>>days. Will that person please post the shortcomings they found with
>>>Primate and the principal reasons for the switch to Prophet? If their is
>>>something I need to know about Primate, I would like to know it asap.
>>>
>>>Al Taglavore
>>>
>>>
>
>
>
>
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