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re Williams: everyone's probably received one of his little 'brochures' in
the mail at one time or another. he may rub you the wrong way and i dont
make any excuses for his prior indiscretions or scandals. but all marketing
gimmicks aside, i actually find some of Larry Williams material quite
creative. i purchased his recent book, "long term secrets to short term
trading" and find some of his patterns [the smash day pattern for ex.] to be
decent contributions to the area of pattern recognition and TA. in the past
Larry has also done a good [and useful] job of explaining open interest and
inter-month spreads, which are [imho] the back bones of futures market
analysis. again, i don't pretend to make excuses for him or his 'ways,' i
only say that [some] of his material transcends his marketing approach.
Dtrader
-----Original Message-----
From: Valhalla <scheier@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, April 06, 1999 9:12 AM
Subject: Re: L Williams story
:That's a classic story about Larry Williams. It deserves to get more air
:time.
:
:nwinski wrote:
:
:> Tie, Jeffery wrote:
:>
:> > GROUP
:> > I have recently started to use Tom Demark's Sequential, and Combo
:> > countdown to determine turning points. Do any of u use this system?
:> > Would appreciate any comments.
:> > Jeff
:>
:> Jeff,
:> I learned Sequential from Larry Williams at one of his seminars in
:> 1979. It was interesting and seemed to have some merit. Larry promised
:> that he would have more improvements for us over the next year and
:> beyond, but I never got them. He did have some interesting stories to
:> spice up his presentation which I was naive enough at the time to
:> believe. My bubble was burst when, about seven years later, he and I
:> were at the same cocktail party and I over heard him laughing about the
:> stories he made up to tell his audiences. One of them was the Valise,
:> which was named after the fact that it was supposedly found in the
:> valise of a wealthy old lady. When he talked about how he made this
:> story up, and how gullible people were, he nearly fell down laughing. I
:> happened to distinctly remember him telling this story of this important
:> indicator at the 1979 Sequential seminar, for which I paid $3,500 (no,
:> I am not really that stupid, I got some friends to share the cost).
:> Anyway, at the time of the seminar, I took every word he said as being
:> sincere , despite his fast talking used car salesman style. Live and
:> learn!
:> So, I will be curious and interested to hear any results you can
:> derive from Sequential.
:>
:> Good Luck,
:>
:> Norman
:
:
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