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Dtrader wrote:
> 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
Dan,
I agree with you that on occasion, in his quest to produce the next "Holly
Grail" LW does find a few gems. However, it seems his personality tends to get
in the the way of his be taken seriously on a long term basis. This is actually
somewhat tragic, because LW doesn't lack for intelligence and could have made it
into the market techincians hall of fame. Alas, it looks as though LW is doomed
to be the
Pete Rose of market technicians, whereby his personal conduct has stained his
productivity.
Pete's addiction supposedly was gamblling. LW's addiction apparently is an
unquenchable hunger to get as many pidgeons via marketing as possible and at
any cost. It's all very sad.
Tragically,
Norman
>
>
> -----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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