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To All Members of the Larry William's Fan Club:
I will have to take my memory back about 20 years. I accept no
responsibility for facts stated here that may be in error. I will tell
the story as best I can remember it.
Larry decided for what ever reason that he wanted to be a stock broker.
He went to Dean Witter, I believe, in Santa Barbara and they turned him
down. I believe he did not have the proper education or some reason like
that. May be in lived on the other side of the tracks, I do not know.
He went to other stock brokers and nobody would hire him. This got him
p----- o--. He decided he would show them what he could do on his own.
What he did from there I do not remember, but we all know he became
a name to remember in the securities and commodity business. I am going
to check with a friend in Atlanta who knows him relatively well, maybe
he can add some information to the story.
Norman E.
bshumake wrote:
>
> Norman,
>
> This is sent private. You perked my curiosity...what did Larry's neighbor
> in Sant Barbara have to say?
>
> Inquiring Minds Want to Know...
> Bill Shumake
>
> ----- Original Message -----
> From: Norman Phair <ericrogers@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Sent: Tuesday, April 06, 1999 1:35 PM
> Subject: Re: L Williams story
>
> > Norman:
> >
> > Larry, whom I have met, is in my opinion the best there is inthis area
> > of marketing. He comes back every year with new material. We all know
> > there are new people out there willing to buy it. I guess he can make
> > more money selling books and hosting seminars than he can trading.
> > he would be a good car salesman. The story of how he got into this
> > business is interesting. I met his next door neighbor in Santa Barbara.
> > I will leave this story for another time.
> >
> > Norman E.
> >
> >
> >
> > nwinski wrote:
> > >
> > > 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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