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This snippet slipped through my Mark Brown filter by being replied to by The
Omega Man, but I can't let it go without responding...
> > I think we are seeing a rebellion at Futures Magazine! With the truth
> > (critical view) about Bill Williams being printed by them
> recently and now
> > this Omega slap in the face! Wow! They may turn out to be an industry
> > leader! I heard that the entire staff threatened to quit if
> they didn't
> > publish that letter about Omega's piss poor tech support and general bad
> > attitude towards its customers!
> >
> > Way to GO! Futures Magazine, Keep up the good work..tell it
> like it is..
The BOOK REVIEW that Thomas Stridsman did of Bill Williams' latest book was
poor journalism at it's finest. Futures Magazine has since responded to
many of the traders who contacted them (that are using Bill Williams'
trading approach successfully) that the pubished piece was only a BOOK
REVIEW, and not a review of Bill Williams or the effectiveness of his
approach. As a [published] response to the letters printed in the March
issue regarding the BOOK REVIEW, Futures said "Thomas Strridsman's review
was of the book, not the Williams method, although some may believe it's all
the same..."
Thom Hartle (editor, TASC) attended and published a report on Bill Williams'
training back in (Fall?) 1995 which was researched, credible and balanced.
I don't have the June99 issue of Futures Magazine, but I note that they are
obviously very selective regarding printing Letters to the Editor ("Sound
Off!") in each issue. I know for a fact that MANY letters were sent
regarding the Bill Williams' book review, including one from me, some even
offering brokerage statements to refute the reviewer's statements, but only
two letters made it to print in the following issue.
Hmmm... this is consistent with the total number of (short!) letters
published in each issue. Going back a few months: May (1 letter), April (3
letters), March (4 letters), February (4 letters), January (2 letters).
Futures either gets very little reader mail, or only pubishes what will fit
on one page (gotta save room for those advertisements!)
Yes, I am successfully (i.e. making a living) trading using primarily Bill
Williams' approach, having followed it daily for almost four years. Last
month (May99) my primary account was up $22,191.80 in closed trades (not
including interest). Bill did even better. To characterize the BOOK REVIEW
as "[Futures Magazine publishing] the truth about Bill Williams" is simply
ignorant.
Of course, anyone who has been in the industry for any period of time would
never confuse an advertising rag with a critical journal.
It will be interesting to see if the HUGE FAILURE called "Futures South" (a
'la Futures magazine) carries on to "Futures West" this Fall... rumour has
it that many of the "big names" have bailed out of Futures Mag and will
continue to be "missing" from their programs.
Doug
> -----Original Message-----
> From: The Omega Man [mailto:editorial@xxxxxxxxxxxxx]
> Sent: Sunday, June 06, 1999 4:34 PM
> To: Omega List
> Subject: Re: Futures Magazine
>
>
>
> You're so right! Complaining and criticizing is the way to make things
> happen! That's what winners do, they complain and criticize. The more
> complaints you publish, the better leader you are.
>
> Produce? Who needs to produce? We can all just sit back and complain...
> let someone else produce.
>
>
>
> ----- Original Message -----
> From: Mark Brown <markbrown@xxxxxxxxxxxxx>
> To: Omega List <omega-list@xxxxxxxxxx>
> Sent: Sunday, June 06, 1999 7:18 PM
> Subject: Futures Magazine
>
>
> > I think we are seeing a rebellion at Futures Magazine! With the truth
> > (critical view) about Bill Williams being printed by them
> recently and now
> > this Omega slap in the face! Wow! They may turn out to be an industry
> > leader! I heard that the entire staff threatened to quit if
> they didn't
> > publish that letter about Omega's piss poor tech support and general bad
> > attitude towards its customers!
> >
> > Way to GO! Futures Magazine, Keep up the good work..tell it
> like it is..
> >
>
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