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Re: Wyckoff Principles



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Write to the Stock Market Institute at smi@xxxxxxxxxxx .  They'll send you
out info on how to order their course.  I believe that the complete course
runs about $850 but you can buy it in pieces and decide whether it's for you
without purchasing the whole thing.

The course is excellent in my view.  Just be aware that SMI is not a cutting
edge technology type of outfit.  The course dates from the time before PC's,
so don't expect to find EasyLanguage code for indicators in it.  The
assumption throughout the course is that you are doing all your charting,
including point and figure charts, by hand.  (I'm not opposed to hand
charting.  I'm just pointing out that the course was written before there
was any alternative.)


Good trading,

The Omega Man



----- Original Message -----
From: Dick Webb <dickwebb711@xxxxxxxxx>
To: Patrick White <spy@xxxxxxxxxxxxxx>; OmegaList <omega-list@xxxxxxxxxx>
Sent: Saturday, June 12, 1999 3:11 PM
Subject: Re: Wyckoff Principles


> there is a course around somewhere
> suggest you call john sweeny at traders.com
>
>
>
>
> --- Patrick White <spy@xxxxxxxxxxxxxx> wrote:
> > Any suggestions on books or literature available on
> > the Wyckoff method
> > of trading? I have read a small, but good book by
> > Rollo Tape
> > (Wyckoff's pseudonym) that I found to be useful. Are
> > there any other
> > references that others have found to be valuable?
> >
> > Patrick White
> >
> > -----Original Message-----
> > From: charles meyer <chmeyer@xxxxxxxx>
> > To: knyyt <knyyt@xxxxxxxxxxxx>; OmegaList
> > <omega-list@xxxxxxxxxx>
> > Date: Saturday, June 12, 1999 12:30 PM
> > Subject: Re: Market Profile
> >
> >
> > Knyyt:
> >
> > I wish I knew what to tell you.  I read all the
> > books and ask a lot
> > of questions from others who had taken the courses
> > and tried
> > to trade using the MP methodology.  IMHO, it is
> > difficult to apply.
> > Peter Steidelmayer is gifted but I was told that the
> > students had
> > difficulty making money trading MP.  There is some
> > organization
> > out of Chicago that will sell you data to be
> > downloaded.  I talked
> > with them also but concluded there was nothing sane
> > to be offered
> > that was useful.  After all, they weren't trading
> > with these methods
> > they were selling the information to institutions
> > and individuals.
> > I even subscribed to the MP study on my Ensign for a
> > long time
> > until I concluded that it wasn't providing any
> > useful information
> > for trading.  Someone also intimated that
> > Steidelmayer made a lot
> > of money using floor techniques that have nothing to
> > do with MP--
> > some riskless type trades involving the way orders
> > are handled.
> > All during the times I waded through the literature
> > I kept asking
> > myself;
> > how does this information provide me with any clues
> > as what to do
> > NOW.  I never received any satisfactory answers to
> > that question I
> > asked of myself and concluded that this was not the
> > method of
> > choice for learning how to trade.  Hope this helps
> > but this is from
> > just one individual's experience.  For a simpler
> > understanding I would
> > suggest studying the Wyckoff principles as they
> > relate to the
> > relation-
> > ship between price and volume.  The Wyckoff and MP
> > principles
> > are actually no different--Steidelmayer simply tried
> > to take it to a
> > higher level.  I'm just not sure if anything was
> > added to the mix.
> > Now
> > let me hear from you guys making the big bucks
> > trading the MP
> > techniques.
> >
> > Charles
> > -----Original Message-----
> > From: knyyt <knyyt@xxxxxxxxxxxx>
> > To: OmegaList <omega-list@xxxxxxxxxx>
> > Date: Saturday, June 12, 1999 11:40 AM
> > Subject: Market Profile
> >
> >
> > >
> > > Since the responses to my last questions seems to
> > have been answered
> > ( And
> > >already discovered ),
> > > Would a few be willing to share their experiances
> > with " market
> > profile ",
> > >in that, its worthless,..
> > > or found it useful... etc....
> >      Knyyt ..
> > >
> >
> >
> >
> >
> >
>
> ===
> Big Lucky Dick
>