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Lets
assume for a moment that they did pick the day of the crash....so what? How many
other times where their forecasts that didn't eventuate in anything. How
do you trade these forecasts? They also picked some major highs and lows in the
Australian markets many years ago...so what? In practical terms it is of
little value for investors or traders. Successful people don't make money
off forecasts (except the newsletter writers). They make it by trading the
reality of the market from day to day, week to week and month to month.
All beginner traders should forget the notion of selecting a marketer based on
how well they pick turning points. Don't waste years of your search by
pursuing this avenue. While it may have some merit, it is more from an
academic point of view than a practical one. By all means go to the
presentation, but we aware they are slick and will market to you their
wares.
Adrian
Hormuz,
I have written a small article on
Gann method of calculating Time and Price. Going exactly by the
book.
It is very simple. There is
plenty of stuff on Gann on the internet. Google and benefit.
As an aside, for a foreign
company holding a seminar in Mumbai is pretty inexpensive. A rough thumbrule:
they would have to pay at least four times the Dollar equivalent if they had
held it in Sydney or Melbourne, and six times more if it was
Europe.
Dusant
----- Original Message -----
Sent: Sunday, March 20, 2005 10:26
PM
Subject: [EquisMetaStock Group] RE:
safety in the market
Thought as much. I guess their products would
HAVE to
be overpriced considering their expenses in holding
seminars
in expensive hotels, etc to market them.
Nevertheless, if they could
identify the one day on
which a major decline was expected, it
sounds
interesting. Out of idle curiosity am attending one of
their
introductory lectures here in Bombay on April 1,
2005 (quite an apt
date).
Could you e-mail me some of their material if
available
with you in soft format. Would like to take
a look if
possible.
Thanks,
Hormuz
-------original
message-----------------
Date: Sun, 20 Mar 2005 11:34:36
+1100
From: "Adrian Pitt"
<apitt@xxxxxxxxxxxxx>
Subject: RE: safety in the
market
The firm has a long history in Australia. While
their
products aren't
bad, they are more sales hype than
reality. Their
products tend to be
overpriced. I have
purchased some of their material
over the years and
I would say there
is much better value elsewhere.
Adrian
-----Original
Message-----
From: hormuz maloo [mailto:hormuzmaloo@xxxxxxxxx]
Sent:
Sunday, 20 March 2005 2:01 AM
To:
equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] safety in
the market
Hi everybody,
Lately a firm called "Safety
in the market" has been
advertising a course on using the techniques
of
legendary trader W D Gann for investing in India.
They claim
to have predicted the largest ever single
day collapse on the Indian
stock exchanges which
occured on May 17, 2004, one year prior to that
date.
Also, they say they are operating in USA,
Australia,
Singapore and New Zealand.
Has anybody heard of them
before. Or taken
their
course.
Regards,
Hormuz
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