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Re: [EquisMetaStock Group] Introducing myself



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Larry as you stated this is a lot of "BS" on what you
are stating here about technical analysis.  I would
have to bet that if you were a manager of a major
corp. you were  most likely in the sales department,
because this e-mail seems to me like a pretty good
sales pitch.
--- Book <book@xxxxxxxxxxxxxxxxx> wrote:

> I would like to introduce myself to this group.
> 
>  
> 
> I am a retired manager of a major U.S. corporation.
> I was educated in the
> fields of mathematics, electrical engineering and
> computer science and I
> have had an interest in stock market analysis for
> nearly 20 years.  
> 
>  
> 
> I believe my background skills have given me a
> unique insight into technical
> analysis, allowing me to look at and understand the
> mathematics behind
> technical analysis formulas, take an unbiased common
> sense approach to the
> results of these formulas and develop a system that
> does not succumb to the
> short falls of Technical Analysis.   
> 
>  
> 
> I have been studying technical analysis in the stock
> market since 1987,
> testing and analyzing hundreds of formulas and
> charts.  I began by using
> commercial software with built in formulas, then
> wrote my own formulas and
> finally wrote my own software and formulas. 
> 
>  
> 
> I am now writing a book "An Analysis of Technical
> Analysis", which is far
> from complete but there is some very relevant
> information that I will point
> you to a little later.   
> 
>  
> 
> I have also been lurking and contributing on many
> forums over the last 10
> years or so, and I have made several observations.
> 
>  
> 
> 1.	The questions are generally the same, form year
> to year.  Some
> technical question on how to get a formula or
> program to work and some
> general questions on how to make a system that
> really works.  The technical
> questions are usually answered in detail but the
> system questions are rarely
> answered except in the most general terms. 
> 
> 2.	There are usually one or two Gurus who expound "I
> have developed a
> system that really works well" but they never give
> explicit details on how
> this system works and they never give actual trades
> until well after the
> trades have happened.  This gives way too much
> opportunity to "adjust" the
> figures.  In other words, they never prove
> themselves. 
> 
> 3.	After a period of time, a year or less, these
> Gurus disappear from
> the scene.  Did they lose all their money, or can't
> they just keep up the
> BS?
> 
>  
> 
> Why is this the case?  I will answer this a little
> later.
> 
>  
> 
> First I want to say that I have created a
> "commercial" market timing
> website, but I will not advertise or even mention
> the name here so that the
> moderator of this group won't ban me.  My main
> concern is to get some very
> pertinent market timing information to those of you
> who are really
> interested in trying to time the market.
> 
>  
> 
> Let me start out this way.  Technical analysis
> (using mathematical formulas
> only) DOES NOT WORK, WILL NOT WORK, AND YOU WILL
> JUST LOSE YOUR MONEY!
> 
>  
> 
> How can I possibly say such a thing, especially when
> I said I own a market
> timing web site?
> 
>  
> 
> I said "Technical analysis (using mathematical
> formulas only)".
> Mathematical formulas, no mater how simple or
> complex, try to match a
> recurrence, or pattern, in the market.  They simply
> do not predict anything!
> 
> 
>  
> 
> Experts contend that the market is "random"
>
<http://www.timeyourfunds.com/book/random%20walk%20theory.htm>
>  and
> "efficient"
>
<http://www.timeyourfunds.com/book/efficient%20market%20hypothesis.htm>
> .
> We all know that random events cannot be predicted
> and if something is
> really efficient  there are no disparities to
> capitalize on. These two
> factors alone tell you that the market is
> impossible, or nearly impossible
> to predict, using mathematical formulas.  
> 
>  
> 
> If you would like to learn a little more about
> technical analysis, what
> works and what doesn't, and what you REALLY need to
> look for you can read
> more of my upcoming book.  The start is here "An
>
<http://www.timeyourfunds.com/book/An%20Analysis%20of%20Technical%20Analysis
> .htm> Analysis of Technical Analysis" or you can get
> the quick and dirty
> "summary
> <http://www.timeyourfunds.com/book/summary.htm> "
> here.  
> 
>  
> 
> It won't cost you a cent, but it might save you
> several!
> 
>  
> 
> Thanks for reading.
> 
>  
> 
> Larry
> 
> 


		
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