|
PureBytes Links
Trading Reference Links
|
Tom DeMark was highly respected as an analyst at Tudor. I used to work
with a couple of traders that had worked at Tudor too, and they were
happy to pay Aspen Research extra so that they could have access to the
DeMark indicators with all their bells and whistles. That is not to say
that DeMark was a great trader. But, a lot of his stuff does seem to
work, at least according to these guys.
To just dismiss somebody because they are not a good trader is wrong
headed. There are many analysts out there that do not have the emotional
make-up to be good traders, but can pick market turns as well or better
than any trader. Maybe they use indicators. Maybe they use price
patterns. They just don't have what it takes to trade. But, by selling
an indicator, they are making a living.
I am not defending people who sell trash. I only know DeMark's first
book and the people that worked with him at Tudor. But, as an analyst
who is much better as an analyst than as a trader, I think you all
should give Tom DeMark the benefit of the doubt.
Steve Poser
Poser Global Market Strategies Inc.
http://www.poserglobal.com
"Peter M. Beckwith" wrote:
>
> JC
>
> Many individuals, traders, etc... who I talk to have more than a handful of
> first hand encounters with Larry Williams and some of the games he plays. I
> am sure that your buddy Larry wouldn't get in a pissing match with anybody
> because he has no need to, there are other suckers out there to pay for his
> products.
>
> Paul Tudor Jones is a GREAT TRADER, no doubt and it has nothing whatsoever
> to do with Tom DeMark. Tom DeMark may have been there, but that should by
> no means imply that his techniques had any correlation to Tudor Jones'
> success.
>
> Every single individual who wrote about Larry Williams or Tom DeMark had a
> right to say how they felt. If Larry Williams is a great trader, then why
> not trade, why waste his time and money promoting his tools. If Tom DeMark
> has so many great techniques and indicators, then why not trade, it's alot
> easier than trying to promote your techniques to the gullible public.
>
> Trading and managing funds are the ultimate goal for every trader. Anybody
> who is promoting trading techniques, but is not managing big money is
> suspect, in my opinion,, and I am certain in other people's opinions as well
> -----Original Message-----
> From: JCDuffy@xxxxxxx <JCDuffy@xxxxxxx>
> To: capstone@xxxxxxxxxxxxxxx <capstone@xxxxxxxxxxxxxxx>;
> realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>
> Date: Wednesday, April 07, 1999 2:58 PM
> Subject: Re:
>
> >In a message dated 99-04-06 09:02:00 EDT, capstone@xxxxxxxxxxxxxxx writes:
> >
> ><< I think all of us know where Tom DeMark
> > makes his money... >>
> >
> >
> >DeMark made most of his money because perhaps the greatest trader in the
> >world (Paul Jones), employed him as his head of research.
> >
> >As far as people critisizing Larry Williams, Larry would never stoop to
> >getting into a peeing match with those who seek to tear him down. That is
> the
> >type of gentlemen he is.
> >
Poser Global Market Strategies Inc.
http://www.poserglobal.com
|