|
PureBytes Links
Trading Reference Links
|
Neil:
Fascinating analysis of someone's ideas and techniques. Packaging and
re-packaging seems to make it ok to sell an idea over and over, and amazingly
seems to make the price go up...what a concept.
Thanks for your lucid post.
Tim Morge
Neil Harrington wrote:
>
> Bill Williams likes to say that technical analysis doesn't work and then
> talks about chaos and fractals as the way the markets move. When you look at
> his chaotic, fractal, "non-technical" indicators, you see that he has taken
> existing ideas and just renamed them. You can easily create all of his
> indicators in TS. And you don't need a Cray super-computer and hundreds of
> thousands of dollars to figure it out, like he claims he did.
>
> The bulk of his ideas are based on the following:
>
> His fractals are just swing points of strength 2 (Tom DeMark would call them
> TD 2 Points)
>
> His awesome oscillator (AO) and Accelerator (Acc) is just a 5,34, 5 MACD
> split into 2 indicators. I think he took the idea for these parameters from
> Tom Joseph, who uses a 5,35 value.
>
> His alligator lines are 8/5, 13/8, and 21/13 displaced, smoothed moving
> averages.
>
> As you can see, he also likes Fibonacci numbers as well.
>
> He has some interesting ideas. The problem is, he tries to represent that
> they are special indicators that no one else has, then charges exorbitant
> fees for training classes and unnecessary software. All of his software can
> easily be represented in simple indicators in TS.
>
> Neil
>
> | -----Original Message-----
> | From: David Cicia [mailto:David.D.Cicia@xxxxxxxxxx]
> | Sent: Monday, July 06, 1998 12:22 AM
> | To: omega-list@xxxxxxxxxx
> | Subject: Re: investors dream
> |
> |
> | This is stuff from Bill Williams. I took his trading
> | tutorial and course.
> | In my opinion it was $5000 down the drain. From what I know
> | and have heard
> | about this software, I have no reason to have a different
> | opinion about it.
> | Save your money for something useful, or if you want to blow
> | it, just go
> | have some fun - its summer!
> |
> | David Cicia
> |
> |
> | At 05:15 AM 7/5/98 EDT, MASIEGERT@xxxxxxx wrote:
> | >Hi,
> | >
> | >Has anybody of you guys experiences with Invetors Dream in
> | >analyzing markets as well in trading (Daily oder intraday).
> | >
> | >Thanks
> | >
> | >Martin
> | >
> | >
> |
|