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Steve;
True in many ways. I have a friend who is excellent in calling markets.
He uses his own indicators. He can not take the pressure of trading
with real money.
Norman E.
swp wrote:
>
> 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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