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At 01:02 AM 3/29/98 -0800, Tom Cathey wrote:
>A friend of mine called me tonight to get me to read something in March,
>1998, Futures magazine.
>After looking it over, it appears something has apparently changed. <g>
>They were really a good mag years ago.
>
snip...At this point, Tom cited numerous silly/misleading ads that
appeared in recent issues of Futures
One more I'd like to add to Tom's list:
Is anyone else getting torqued off at the stupid articles - er, I mean
infomercials - from Tom DeMark and T.J. DeMark that have appeared in
the past several issues of Futures? I suspect that the DeMarks are
competent technical analysts - my point is NOT that their methods are
flawed. My point is that from the articles, there is no way of knowing
WHAT their methods are! Everything refers you to their stupid,
proprietary indicators, all of which, embarassingly enough, are named
"TD - something" (some psychiatrist could have a field day analyizing
someone with a need to attach his initials to everything).
Of course, DeMark is one of Futures Magazine's "poster boys" - on
p. 57 of the January issue, there is an ad from the "Futures Learning
Center" for a $69 DeMark video, and in past issues I'm sure I have
seen full-page ads for his indicators.
C'mon Futures - either put such infomercials in the classified
section, or else run articles that fully explain the author's methods.
The DeMark's monthly series, with nothing but references to "TD-this"
and "TD-that" are blatantly come-ons for their products, and have zero
value to the trader who refuses to buy their stuff.
Jay Mackro
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