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David Dartez was just like you 60 days ago.
He is now a Level # 6. Murrey math Master Trader able
to teach, trade, and preach Murrey Math Trading System
based on 8th grade math.
David bought metastock recently (my suggestion).
I have every trading word (150 pages over the past 7 weeks)
I predicted 5 different markets E Mailed out to 100 students
every day and my pure math predictions are 87.% per cent
accurate to direction and stall out and (I even tell you where
to get into the market so you have momentum on your side).
Everyone hates me because all anyone needs to trade all
markets is a square frame and five circles inside it (2-1-2)
zone defense for you "sports addicts" and an angled line
(support/resistance) set up against any reversal !!!
That's it !!!
I taught a "blind" friend to make 67.% in a gold Mutual Fund
two years ago based on the "waist momentum price"
from the previous day's trading activity (99.5 % of all next
day trading action is always thinking about its waist), but
all of you have been "brain washed" to believe that studying
more will bring you more "paper profits."
I have no experience, nor did I read anyone else's trading
system except (I did talk to Manard Holt - creator of Relevance lll
software) I did read one book by W.D. Gann (read it 50 times)
and I saw where he "lied" about how to set your high/low frame
(you don't have to do it) you just lay a frame over your market and
start trading (if its moving up (buy) and the 1st time it goes down
you sell 50.% and if it is going down the 1st day it reverses up
you (buy) a long position) and you are an expert at all markets.
There are only 49 different prices that all stocks under 100. will
want to reverse (any 8th grader can memorize 49 numbers) so
my students are forced under threat of "profits" to know where every
stock will reverse long before it ever arrives at its Harmonic Price.
Trading magazines keep printing new trading techniques that all
fail in slow markets and are correct in fast markets.
This whole trading game is just like old men going to play golf:
87.5% of all golfers can't shoot "boogie" golf on a putt putt course,
but they won't take lessons and they will keep doing the same
bad habits and they will buy expensive clubs that they think will
help their games, but they don't realize that it takes "guts not to
choke" to play any game not in buying the equipment that makes
you any smarter because every trader is scared to death the 1st
time they lay down $ 10,000. on an OEX 100 Cash Index and they
tell their broker they are willing to put their money where their brains
are and later take out $ 10,000. profits (3) days in a row, but it is
safer to pass on an n/th degree improvement of some "guru's"
indicator (that is always late in choppy markets), but lousy golfers
and "students" keep doing the same thing (Habit) which reinforces
to me that I lived in the city "projects" along with my 3 sisters and
brother and none of my sisters went to college (but people say
that they are millionaires) and they say that I am weird because I
went off and went in a new direction because it looked interesting.
Last night I went to dinner at one of my sister's homes in Brentwood,
and one of the items on the table to eat was (Home Grown Tomatoes)
given to my sister from her neighbor across the street (Ophra Winfree's
father) he moved in across the street from my sister two years ago
and he still cuts hair at his barber shop.
Ophra Winfree went to East High School and I went to West High (we
always whipped East in Basketball (they hated us).
Ophra got tired of her high school classmate and life long friend to ask
her what it flet like to be a millionaire, so she wrote her a check and
made her one and told her to put with all the trouble your friends will
have with the fact that you are smart, rich or beautiful in America.
Maybe I should call Ophra and ask her to learn Murrey Math.
Who knows.?
thanks for putting up with me. THMurrey
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> From: David J. Dartez <davdart@xxxxxxxxx>
> To: tmurrey <tmurrey@xxxxxxxxxxx>
> Subject: Re: Fw: 1st Month's Lessons Report Card:
> Date: Sunday, August 03, 1997 10:36 PM
>
> Henning:
>
> You did fine on both teaching and on trading advice. I do have some
> catching up to do. The first couple of weeks of lessons came when I was
> up to my ears in contract renewals. I am now going back and reviewing
> them to make sure I understand the thrust of each one of them.
>
> After being down quite a bit, my account is up about $20,000 for the
> month of July. I attribute at least half of that to MM and your daily
> market observations. Just this last week MML accounts for at least $5000
> profits even after my stupid mistakes on Wednesday.
>
> I'm finding that I can really assimilate the concepts when I am actually
> trading as opposed to just reading about it. When you make an
> observation about a market I am following or trading, it really gets
> thru to me. For example you have made some really good points about the
> OEX market. Since I don't trade or even follow that market, it is just
> academic and doesn't stick. By contrast, what you say about bonds and
> beans and wheat gets right through and it is like it is in 3-D or
> stereo.
>
> My goal this past week was to really get a feel for how the bean and
> wheat markets respond to the 1/8 lines and moving from one octave to
> another. It appears to me that the power of the 1/8 lines is such that
> you could make a lot of money and know damn little else.
>
> I have MetaStock and the Reuters data feed on order and they are due in
> about mid week. I want to get to the point where I am generating my own
> charts, angles, lines etc. so that I am comparing my work to yours
> instead of being dependent.
>
> My plan is to take one component at a time of MML and assimilate or
> internalize it thru actual trading with real money at stake. That may
> cause me to develop at a slower pace than you would wish, but by gosh
> when I learn something under those circumstance I'll own it down to the
> DNA level.
>
> As to where I'm stuck? I don't feel like I'm stuck on any particular
> point even though there are aspects that I have not yet focused on. You
> have mentioned "waist" in several recent emails and I realize that you
> may have covered that when I was busy with other matters. I'm have
> started going back thru the lessons you have sent to see how you have
> covered that. If I still don't understand it well enough, then I might
> ask for help. Until then, it won't hurt me to dig a little.
>
> I hope that I don't have too much of a learning curve to get MetaStock
> setup to generate the MM charts. I really don't want to waste a lot of
> time with that at the expense of learning what is really important, MML.
>
> On the whole, I am pleased with my progress both in learning and in
> profits. Your kind of trading really is a new paradigm and there is no
> way to ever look at markets in the same old way. I'm pleased and hope
> you are.
>
> Thanks
>
> Dave
>
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