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Tyros, newbies and fools. Too many instruments to trade and too many
interpretations of EWT.
Common belief is if everyone traded the same system their would be no buyers
at the sell signal and no sellers at the buy signal. We will never get that
many people to trade it the same way. Hell Prechter couldn't get the waves
right all the time.
Jimmy non-tyro
-----Original Message-----
From: William Wood [mailto:wrwood@xxxxxxxxxx]
Sent: Wednesday, June 21, 2000 2:41 PM
To: Phil Lane; Bob Fulks; TradeWynne@xxxxxxx; Jimmy
Cc: Omega List
Subject: RE: A Quick Poll
I have read this many times but have never seen an explaination. Why would
a technique that works initially no longer work just because a lot of people
start using it. For example, many say the Turtle methods no longer worked
because they became too well known. Seems to me that the self-fulfilling
theory would kick in when more people use the technique and make it work
better not worse.
Regards
Bill Wood
-----Original Message-----
From: Phil Lane [mailto:patterntrader@xxxxxxxxxx]
Sent: Wednesday, June 21, 2000 12:05 PM
To: Bob Fulks; TradeWynne@xxxxxxx; Jimmy
Cc: Omega List
Subject: Re: A Quick Poll
Bob wrote:
I just think that if it works, it is
> because people think it will and make it self-fulfilling.
But what about the competitive aspect? I.e., the more people that know about
something the WORSE it works.
Just a thought,
Phil
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