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I purchased TD's first book and spent quite a bit of time with it. Up front
I was put off by his "TD" syndrome however I did find some interesting ideas
e.g. his approach to drawing trendlines. When I got down to the nitty gritty
of implementing some of his techniques, I found the book was almost totally
devoid of the necessary specifics and found numerous errors in a the
illustrations. On balance, his book is one I'd recommend looking for at flea
markets.
Earl
-----Original Message-----
From: swp <swp@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, April 07, 1999 5:29 PM
Subject: Re:
>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
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