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Scot -
While there are some EWavers with that kind of attitude, I think that you
will find the vast majority of us do not have that kind of response. I
suspect that most newsletter writers, of which Glen Neely is one, have that
kind of mindset. I used to work on an FX and Primary Government Bond Dealer
desk. I am friendly with several of wave pros that worked and continue to
work in similar situations. None of us preach EWave. We use it as a tool,
and in most cases, our favorite tool.
Interestingly, I was recently talking to one of the best know technical
analysts in the world the other day. What few people know about him, is that
he uses Elliott extensively. He just hides the use since there is such a
negative opinion of Elliott amongst the populace, and even amongst other
technicians.
As for Neely's comments, take them at face value. Nobody likes to be told
that their work is unreadable. He may have lashed out. Nothing worth doing
is free. It has taken me years to understand how to use EWave. Neely has
tried to write it down and I do not think that he got his point across well.
Give him credit for trying. It does not mean that he is not a good
technician. I do not know either way.
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
-----Original Message-----
From: Scot Billington [mailto:scot.billington@xxxxxxxxxxxxx]
Sent: Monday, November 20, 2000 11:06 AM
To: realtraders@xxxxxxxxxxx
Subject: Re: [RT] Fwd: Mastering Elliot Wave by Neely
Sonny,
As a follow up to some comments I made about EW, I would like to draw your
attention to the tone of Mr. Neely's reply. It is sarcastic, defensive, and
arrogant in my opinion. This is a good example of the narcissistic
personality that is attracted to EW. I don't suppose he has taken very well
some legitimate critical questions in your original message.
Regardless, this responce is a good example of what I alluded to at the end
of my rambling post on Elliott Wave.
Scot Billington
>
> << Dear Sonny,
>
> Yes, MASTERING ELLIOTT WAVE is complicated - does your friend think
> making money in the markets is easy? Did Einstein make his theory of
> relativity complex JUST so he could be asked to talk at conventions.
>
> I spent over 5 years of my life preparing the material used in MASTERING
> ELLIOTT WAVE. If I were simply looking to make a quick buck, I wouldn't
> have spent 5 years of my life working on such a project BEFORE I made a
> dime.
>
> If you order MEW from our publisher, there is a money back guarantee, If
> you don't like it, or you feel it is too complicated and not useful to
> you, then you can get your money back.
>
> To be honest, it sounds like you are looking for an easy answer to
> trading and making money in the markets. If that is the case, I would
> recommend you DON"T buy my book or my services. Let's see what your
> friend has to say about that "money hungry" recommendation?
>
> Glenn Neely
> Founder, EWI >>
>
> Thanks Glenn for getting back to me. My main concern is whether the book
is
> a "stand alone book" or will I need your services to figure it out? I've
> ordered books in the past, and it was nothing but a sales pitch for the
> author's services. Also, I am a daytrader of S&Ps. Can this be used in
> realtime and smaller time frames such as five minutes and smaller?
Thanks.
> -Sonny- >>
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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