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-----Original Message-----
From: JanArps@xxxxxxx <JanArps@xxxxxxx>
To: orsp@xxxxxxxxxxxxxxxxx <orsp@xxxxxxxxxxxxxxxxx>
Date: Monday, August 10, 1998 8:48 AM
Subject: My reputation as an Omega Solution Provider
>Dear Omega Solution Provider:
>
>The Internet has become a powerful propaganda tool for spreading
>disinformation and malicious damage of people's reputations. It has been
>brought to my attention that one Michael Edward Chalek, a Solution Provider
>who operates under the name of Universal Technical Systems, has from time
to
>time been issuing broadcast e-mails under the unsigned pseudonym of
>"Scamalerts", ostensibly warning of "scams", but in reality trying to smear
>the reputations of individuals with whom he has a beef.
>
>In particular, he has now taken it upon himself to attack my reputation as
an
>Omega Solution Provider through the distribution of a highly biased and
>inflammatory message which, among other things, relates information out of
>context.
>
>Let the record reflect that my business has no "legal problems", nor have I
>ever been contacted by any other book authors other than Tom DeMark not to
use
>their names.
>
>It is indeed unfortunate that sick individuals such as Michael Chalek are
able
>to utilize the internet to malign the reputations of people about whom, for
>whatever reasons, imagined or otherwise, they want to complain.
>Unfortunately, the law has given these individuals the freedom of speech,
to
>say whatever they want, whether based on the truth or otherwise.
Ultimately,
>each reader of such trash and slime must make up his or her own mind about
the
>accuracy or slanderous nature of the allegations. I am available to answer
>any and all questions you may have about these matters and encourage you to
>call me at 336-292-1641 or e-mail me at janarps@xxxxxxx with any questions
or
>comments.
>
>As an Omega Solution Provider and Certified Easy Language Expert, I have
>translated many published concepts into Easy Language for the benefit of
>TradeStation and SuperCharts users, thus helping to enhance the overall
>usefulness of the excellent Omega platform. I have worked hard over the
past
>4 ½ years to create useful, well-written code for my clients and to build
and
>maintain a satisfied and loyal clientele.
>
>As innovators, we as Solution Providers often develop new concepts and
>techniques by building on concepts developed earlier and published by
others.
>Many systems today owe their success to the incorporation into their code
of
>concepts such as Welles Wilder's RSI, George Lane's Stochastics, Taylor's
>MACD, Donchian's Moving Averages, and so forth. It is the unique and
>innovative combination of these concepts which in many cases form the basis
of
>successful trading tools.
>
>In 1994 I wrote a system for a client which included, among other
components,
>one of the concepts introduced by Ulf Jensen in his book, "How I Tripled My
>Money In the Futures Markets" This client subsequently had a contract
>dispute with Michael Chalek regarding Chalek's interest in the marketing
>rights to this particular system. Rather than letting the courts resolve
the
>issue, Chalek began taking his case to the Internet, spreading misleading
>information which greatly damaged the reputation of my programming client,
>Daniel Dowling.
>
>During the course of this dispute Chalek had the password broken to the
code I
>had written for Mr. Dowling, observed that one section of the code was
based
>on one of Jensen's published indicators, and broadcast far and wide that
this
>code had been "stolen" from Jensen. Judge for yourself who is the villain
in
>this piece.
>
>In 1994, two weeks after the appearance of Tom DeMark's first book, "The
New
>Science of Technical Analysis", I observed that no Easy Language code
existed
>for the concepts described in this book and took it upon myself to encode
>these concepts into Easy Language and offer them to TradeStation and
>SuperCharts users at a reasonable price. Mr. DeMark, who later offered his
>own, much more expensive Easy Language versions of these indicators,
>subsequently wrote me a letter requesting that I cease and desist using the
>trademarked names of his indicators, (e.g. "TD Sequential" "Demarker",
etc.)
>in my advertising. I agreed, and responded with the letter shown in
>Chalek's e-mail message about me.
>
>Although I removed DeMark's name from my advertising, internet chat rooms
and
>newsgroups still circulated the fact that I had written code based on
DeMark's
>published concepts and was offering it at a lower price than his "official"
>version. This led to an exchange of phone calls and correspondence with
Mr.
>DeMark into which Chalek somehow inserted himself to spread his venomous
half-
>truths and stir up the pot of mistrust. The issues in question were
>ultimately cleared up with Mr. Demark, and since then our relationship has
>been cordial and constructive. Let the record reflect that there is not nor
>has there ever been any litigation between myself and Tom DeMark.
>
>Let the record also reflect that I have only spoken with Michael Chalek two
>times during my lifetime. The first was in 1995 when Chalek called me to
tell
>me he had obtained an early demo disk of the Insight code, had had it
"reverse
>engineered" and the password broken, and found my name and phone number
>embedded in the code. He told me of his contract dispute with Mr. Dowling
and
>asked me to license the code to him. When I refused, he became quite
>indignant and threatened retribution.
>
>My second and only other contact with this sick individual was during Omega
>World in 1998, when we had a verbal confrontation resulting from his
tortious
>interference in my business by spreading disinformation among some of my
>potential programming clients.
>
>It's time we took action to stop this kind of irresponsible behavior. You
can
>help by contacting Mr. Chalek and letting him know what you think of his
>business ethics. You can reach him at 800-315-3893 or e-mail him at either
>scamalerts@xxxxxxx or wetradeall@xxxxxxxx
>
>Sincerely,
>
>Jan Arps
>TRADERS' TOOLBOX
>
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