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as paul harvey says, now you know the rest of the story. i think that
anyone refusing to diss a dirt thrower is classy. in the age of i-net
cheesiness, that's rare. thanks to neal for presenting dinaploi's
viewpoint.
the joe ross - joe dinapoli battle is not new in this business. i'm
not defending nor supporting man. my purpose has been served in
soliciting another viewpoint other than ross'. trading by the book,
published in 1988, is the earliest that i see anything by ross
concerning fib's and dma's.
i view all vendors as snakes until they prove themselves to my
satisfaction. the best thing is to assume the worst, but hope for the
best. this may be a shitty attitude, but it has served me well for
over two decades in business. also vendors chumming up with one other
(read any book dustjacket or gloss hype flier :)) don't count. so if
i'm hard on anyone, especially your favorite trading guru, don't take
it personally 'cause now ya know where i'm coming from.
do your own research while believing no one, and watch your account
grow as you execute your ideas and trading plan. no one can take that
away from you.
TJ
remember that the best con men want to be your buddy - TJ truism
---Neal Hughes <neal@xxxxxxxxxxxxx> wrote:
> I've known about the "bad blood", but each time I ask DiNapoli
> about it, he's polite, not wanting to dig up dirt from the
> past.
>
> I discussed your email above with DiNapoli, and have written
> his perspective below, a summary of that discussion.
>
> Dinapoli has researched DMA'S since the early 80's and can prove it
thru
> publications and speaking events (Futures Symposium International)
dating
> back to 1986-- He created and sold a software package that displaced
moving
> averages before Metastock did or Futures Source did. In fact it was
a result
> of his speaking events that Futures Source offered DMA's back in
1988. I've
> not seen what Ross can show to substantiate any development work on
DMA's.
>
> I've attended several of Joe's private and public seminars, when
asked he
> does give credit that he learned of Displaced Moving Averages from a
trader
> who exposed Joe to the idea. That trader (I don't know his/her name)
did
> not give Joe the specific displacement/formula. So after much
research and
> testing in the markets Joe arrived at his own preferred
displacement/smoothing
> parameters.
>
> I know Joe very well, he is certainly not a snake, but I understand
your
> comment (above). There are many people who take advantage of traders.
>
> DiNapoli has demonstrated his sincerity to me many times, he has
built a
> reputation on dealing with clients honestly. He has no problem
telling
> (experienced or new) traders the blunt truth. Whether they like what
they
> hear or not.
>
> Based on what I know about him, no one would take seriously
> the idea that DiNapoli "stole" Fibonacci stuff from anyone much less
> Ross!
>
> Thanks for the info, it's been an interesting diversion. I use
Displaced
> Moving Averages, so this topic is very interesting to me.
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