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Max,
If you want my advice, it is this...
Do what works for you, and enjoy your profits!
I have no intention of convincing you to do what I do.
There is no way you can convince me that the way
I trade doesn't work.
I have no admiration for the book you mention. Others may
have obtained some enjoyment from that book, but I didn't.
I'm happy, you're happy, everything is fine.
-Neal.
At 10:27 AM 12/21/2001 -0800, Max Pierson wrote:
>Neal:
>
>I read Prechter's book written before 1995 for which I
>had to pay $50 or $60 in 1996 in which he predicted
>that the western economies or markets, I can't recall
>which, would be more or less going off the edge of the
>world in 1995!! Never mind that baby boomers are
>buying stock, his overanalytic and under
>intellectually developed system says buy
>gold/bullets/farms in hidden valleys in Montana/etc.
>
>He had the balls to keep selling the book and charging
>a lot for it a year after he was so incredibly,
>stupidly wrong. It all looked like a lot of overly
>analytic unreal sickness to me anyhow. I was just
>beginning to study trading and I recall hoping that I
>never had to learn all that s__t.
>
>If I had been watching Boeing for a recovery, my
>home-brewed indicator system would have signaled to
>get me in at $29.15 on 9/21 if I just had to have some
>BA and needed a place to put $ or was looing for a
>snap-back play. If I were assisting a risk-aversive
>long-term holding friend I would have gotten a signal
>to enter at $32.75 on 9/24.
>
>I really would like to know if your analysis would
>beat that because if the answer is no then I don't
>want to ever waste any more time or money on
>fibonacci/music of the spheres garbage and of course
>if the answer is yes then I will have to study it.
>
>
>Max
>
>"The race may not always go to the swift nor the battle to the strong, but
>it is the way to bet"
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