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Ira,
$5,000,000 is a lot of Gelt for the early 70's in one year. I have no
reason to doubt the veracity of your statement. It is the fact of the
dependency upon the one using it that will make it vary and that is
the crux.
John
------------------ Reply Separator --------------------
Originally From: Ira Tunik <irat@xxxxxxxxx>
Subject: Re: [RT] SP foreacast
Date: 06/03/2002 08:04am
How good or bad the Hurst system operates is strictly dependent upon
the one
using it. I was first introduced to the system in the early 70s.
The party
that explained the system to me and lead me to by the book had made, I
confirmed this with his clearing company, $5,000,000 in less then a
year,
using the system. That is why I took the time and effort to learn the
system. I wanted to learn what its strengths were and what it lacked
as far
as my specific trading style. It was not the Holy Grail for me as it
was for
him. It did add a lot to my trading ability and has been part of my
trading
system since then. The system that I use has an 80% probability of
success
and I use cycles as a confirming indicator and it has worked very
well for me
in this fashion. I have also used it in a predictive manner on many
occasions to my advantage. Over the years I have found flaws in the
system
as well as in my own trading acumen. As these show up, I try to
correct
them. Most systems work fairly well. It is usually the trader that
is
flawed. Good Trading, Ira.
John Cappello wrote:
> What was said may be an old troll to some but it is a barometer of a
> person's committmeny and veracity to what is "invented".If one comes
> up with a profitable method for even himself he proves it out first.
> Edison also invented the light bulb because he was afraid of the
> dark...and he did not die a pauper.
>
> Taking concepts at face value without forward life comparison is, to
> me, a major fault in evaluation. I extruded PVC pipe on a lab
testing
> machine but it took two years before it could be proven to be used
in
> a large commercial unit.
>
> At one point the Hurst method was described as mechanical now it
> comes off as needing other indicaters and perceptions. I am just
> after the truth and refuse to be a blind follower...I lose my
respect
> for those who are.
>
> What is wrong with constructive criticism and asking for more
> information. To me , absolutely nothing. The gif I posted shows the
> same issue over 5 years and is just a "show me " request.
>
> I certainly meant no personal attack as was perceived.
>
> John
>
> ------------------ Reply Separator --------------------
> Originally From: "Adrian Pitt" <apitt@xxxxxxxxxxxxx>
> Subject: RE: [RT] SP foreacast
> Date: 06/03/2002 07:23pm
>
> > -----Original Message-----
> > From: John Cappello [mailto:jvc689@xxxxxxx]
> > Sent: Monday, 3 June 2002 10:45 AM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: [RT] SP foreacast
> >
> >
> >
> > I, for one, have no interest in what Clyde is doing with the Hurst
> > work. And no reference of that was made in my post to which is
> > implied.
> >
> > Abstracts are valuable in science to see if there is an area of
> > potential interest. I said I saw none for me.
> >
> > If Hurst died a millionaire using his work then perhaps I would be
> > more enthusiastic. But I do not know that to be the case.
>
> Anyone in my book who trolls out the old "If his technique was so
> great
> why isn't he a millionaire" immediately loses all my respect as a
> fellow
> trader as the comment shows complete lack of understanding of people
> and
> life in general. Under John's theory Edison
> was an idiot too...he invented the light globe for gods sake!! But
> dare
> I say he didn't make too much money from it. LOL
>
> Adrian
>
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