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At 09:40 PM 4/15/98, Jim Cox wrote:
> (OK, one
>of the original (circa 1994) indicators was based on a truncated RSI, it
>was only a small part of Bullseye.
That was the point I was making. That the original Bullseye was just a
slightly modified RSI and I'm so glad to see you now admit that.
And on the same grain, the infamous Asctrend(TM) is just a Stochastic or a
%R (same thing), straight out of the can.
And the so-called Wisdom of the Ages(TM) is another bunch of common
indicators prettied up with TS.
And another sold indicator promoted here just two weeks ago as a great
panacea for S&P day trading,is just a simple Fast K stochastic with a fancy
new name. Proved it in about 5 minutes. Oldest trick in trading. The user
promoting it thinks it's great, but he likely doesn't know its just a fast
stochastic because he paid extra for it. Most of the so-called new
indicators promoted and sold in this industry are just paintbar prettied up
versions of standard indicators, that's the point.
But I think after last months Code demo and tonight's revelations on the ati
list, the days of being a system or indicator vendor are now just about OVER!!!
I cannot really recall for sure who sent me your RSI Bullseye indicator Jim,
but I checked it out and it was RSI all right. But gee, don't take out your
frustrations of that revelation on Mark Brown. You should also check your
facts.
All I wanted you to confirm here was that the original Bullseye you were
promoting on this Omega list and on that chat line you ran in 1996, was in
fact principally Wells Wilder's RSI. That's all. So, thanks for confirming that.
By the way Jim COX, according to the rules of this list you are not supposed
to be on here promoting your latest greatest trading system and that's
exactly what you are doing. The same thing you did here before with BULL. So
why don't you just stop doing that once and for all and give us all a break
from it. Thanks.
Michael Paauwe
mpaauwe@xxxxxxxxxx
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