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Tim,
One more thing your below post alerted me to that I should point out , I
do not know any of the methods , whether simple or complex, that Haytham
uses. I mention this because one of your below sentences may be misconstrued
by some as what may mean something to Haytham may mean something to me. That
is not the case. Therefore I have no clue as to when or what Haytham
response to those statistics will be.
Dom
----- Original Message -----
From: "Timothy Morge" <tmorge@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, May 26, 2001 11:35 PM
Subject: Re: [RT] Re: No evidence for lower NASDAQ yet
> Dom:
>
> I believe I was quite explicit when I apologized if I ruffled anyone's
> feathers--I certainly meant Haytham to be included in that and he has
> posted several times since I wrote the original post. And I have exchanged
> a few pleasant emails with Haytham on other matters. I doubt he sees my
> message as an attack. In fact, I believe he knew me well enough to know I
> wrote down a more accurate statistic for the pattern he was using and then
> thought better and erased it, since I cannot state it as fact without
> re-doing recent patterns and adding them in.
>
> I have no problem with anyone posting anything here. If someone on RT
finds
> it of use, that's ok with me. However, the statistic he posted on a chart
> was blatantly wrong. I didn't say his methods weren't meaningful and
didn't
> work for him. I said the statistic he wrote on a chart he posted here was
> wrong--not a little wrong, but a lot wrong.
>
> Then there was a follow up post by someone else stating the origin of the
> statistic quoted. That may or may not explain much to you and or Haytham.
> Again, I posted what I know for certain. I did not go on to post a
> percentage off the top of my head. I cannot and will not do that. It is
not
> how I trade. I do not know how Haytham checks things like an author's
> statistics; in this case, I doubt he checked it himself. I also said here
> in another post that perhaps the other techniques Haytham added to the
> analysis may be contributing to what he and others see as his success to
> time the market [Don't mis-read what I just typed. I did not endorse
> Haytham's methods or abilities; nor did I defame them].
>
> This is about a statistic that was posted as a FACT. At least where I come
> from, FACTS are not loose and free. 5 percent is seldom mistaken for 50
> percent. I assure you I would have called DH or Mark aka Research or Clyde
> Lee if they had posted something as a "statistic" or well known "fact" if
I
> knew them to be incorrect.
>
> If we can't point out errors and mis-statements here when people post
> charts and comments, tell me now. I'll go back to writing and posting
> elsewhere. The traders are not as well spoken as they are here, but they
> allow a free exchange of ideas and a dispute amongst honest men and women
> is always a part of an free exchange of ideas.
>
> I went to undergraduate and graduate school at the University of Chicago.
> We have two things there that always made me stop and think: a memorial to
> the birthplace of the atomic age and a stone arch all new students must
> constantly walk through on their way to first year classes that says, "
and
> the truth shall set you free..." That was worth the price of admission.
>
> Best,
>
> Tim Morge
>
>
> At 11:14 PM 5/26/2001 -0400, you wrote:
> >Since I have been attending to other business matters for some time now
and
> >have not had ample time to read with some continuity the posts, I would
like
> >to expound on my previous post wherein I came to the defense of Haytham.
( I
> >took some time today to read, scan, delete etc.)
> >I have had several conversations with Haytham and although he uses many
> >indicators that very different as well as very complicated , I have found
> >him to be very accurate at market reversal points( He refers to them as
> >turning points). This is very different then tops and/or bottoms. The
market
> >can stay at tops and/or bottoms (overbought/oversold) for some time
before
> >heading down or up. A worthwhile move is caught when the market
terminates
> >its top or bottom stay and moves in the opposite direction. This is the
best
> >time to enter the trade. Needless to say the time frame of the trader
will
> >be an important factor to each trader. A very short term trader may make
one
> >or several trades per day. However, he will use the knowledge of the
> >direction to short strenght when coming down from a top and cover the
short
> >when his trading style deems appropriate.Vice versa on bottoms. Since I
have
> >not been doing my own homework on technical analysis, I have relied on
> >Haytham for market timing during this busy period of time for me. At my
> >request, Haytham was kind enough to keep me informed regarding market
> >timing. In the short time frame involved he has been right on the money.
My
> >prediction is that , even though I have only had a few conversations with
> >him and the market timing signals period has not been extensive, I am
very
> >sure that he will become a well recognized authority on market timing
when
> >his track record is confirmed with the passage of time. Haytham
methodology
> >is not easily understood. However, that should not be a reason for
attacks
> >on his posts. Incidently, by the tone of some of his posts ,one might
come
> >to the conclusion that he not exactly a nice guy. Actually he is a very
nice
> >guy IMO. I am also sure that the tone of his posts are due to some of
the
> >unwarranted attacks . The attacks should be replaced with a dignified
> >exchange of questions and answers.This will benefit all on the list.
> >Have a Nice Week End,
> >Dom
> >
> > --- Original Message -----
> >From: <H.Albizem@xxxxxxxxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Saturday, May 26, 2001 4:34 PM
> >Subject: [RT] Re: No evidence for lower NASDAQ yet
> >
> >
> > > --- In realtraders@xxxx, Timothy Morge <tmorge@xxxx> wrote:
> > > >
> > > > Haytham:
> > > >
> > > > Look, I apologize to you and anyone else that may have offended
> > > because I
> > > > was blunt.
> > > >
> > > > Best,
> > > >
> > > > Tim Morge
> > >
> > > Tim,
> > >
> > > It is ok, I know you don't mean it. I meant to ask you of what do you
> > > mean by "It ain't even close to single digits...in fact...well, let's
> > > just say
> > > it ain't in that ballpark."
> > >
> > > Do you have diffrent statistics?, you wanted to say something then
> > > you backed off.
> > >
> > > Best,
> > >
> > > Haytham
> > >
> > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> > >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> >Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
>
>
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