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Ed,
In November,1997, at Eddie Kwong's request , I published an article in your
newsletter "Pulse Rate, defending the objectivity of some of Gann's
forecasting techniques.Over the following months I made a number of private
forecasts to Eddie which validated the accuracy and reliability of the
method.Beginning in December, 1998 and over the course of 1999 I posted
advance turn dates for the DJIA to the realtraders list.The accuracy and
reliability of my methods was there for all to see as well as the
methodology which I shared quite openly with those open minded enough to
accept it. I continue to forecast the major market indexes in advance and
post all results to my web site. So defending time and price forecasting
techniques is not an issue with me --I have been doing it publicly for quite
some time now.
My approach has always been to try to determine if there is an underlying
structure to market movement for if there is structure, then you can
forecast it.And I believe that is the basic question to be asked here. As I
understand it, you were an early student of Jerry Baumring and apparently
believed in market structure enough to develop Natures Pulse as a tool with
which to investigate it. You now claim you have evolved as a trader. So have
I - basing my current methods on a chaos theory hypothesis that markets have
a short term memory that renders them forecastable only in the short
term.The question is Have you evolved beyond the belief that markets have
forecastable structure?
Jim White
Pivot Research & Trading Co.
Pivottrader.com
----- Original Message -----
From: "Ed Kasanjian" <ed@xxxxxxxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Sunday, October 22, 2000 12:21 AM
Subject: RE: [RT] Software - Pattern Smasher
> It is surprising to me that no one has stepped up to defend the technique
of
> forecasting time and price turning points. Instead, a few of you choose
to
> trash my integrity, implying that I deliberately mislead you into
purchasing
> Nature's Pulse.
>
> I have not met a single trader with at least 10 years experience who has
not
> evolved with his or her trading methodology. I'm not any different than
> anyone else. I spent $45,000 in the mid 80's, mostly in private
> consultations with the Gann and Elliott "experts". A couple of them are
> still around today selling the same useless stuff. So we live, we learn,
we
> pay our tuition and in return we gain EXPERIENCE. As long as we don't
> continue to make the same mistakes we will over time get better at this
> game.
>
> I'm willing to debate/discuss trading methodologies and techniques with
you
> but will not partake in the trashing of character.
>
> Best regards,
>
> Ed Kasanjian
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
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