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In defense of Adrian and Clyde:
Adrian has always been rather tart and prickly in making many of his
points. That does not mean his observations and points are wrong. He
is just Adrian and I for one have just grown to accept him as is.To
suggest "where is the Moderator" in this case is not in my opinion
appropriate. If that were the case, Adrian would have been gone long
ago. He does make valid points though often in a harsh way.
Clyde has always been one of the most generous contributors to the
list. He is not perfect and who among us is.His enthusiasm oft times
gushes over and that leads him on to further this list in sometimes
controversial issues. I have had disagreements with him publicly and
privately but he means well and does his best. He also does respond
to positive critiques. Clyde is a big guy and knows how to shoot back
if he thinks he has been maligned.
I have learned a bit from both.
My purpose in posting this is to put it in some kind of perspective
so this "taking sides" can end and we can get on with it.
John
------------------ Reply Separator --------------------
Originally From: delta88343@xxxxxxx
Subject: Re: [RT] Re: One Day Rally or Start of New Trend
Date: 07/27/2002 11:22am
n a message dated 7/27/02 5:52:43 AM Eastern Daylight Time,
apitt@xxxxxxxxxxxxx writes:
This is exactly the type of arrogance and negativity that is
destroying this
list. Though what AP is asking "may" be valid observations and
questions,
it's the manner in which they are presented which should not be
allowed for
this list to maintain its integrity.
As I always tell my managenet staff with regards to how they speak to
the
general employee base, which pays their wages through their efforts,
it's not
what one says it's how you say it.
AP, you need to get off your high horse and simply ask your questions
and
present your opinions and observations in a positive and constructive
manner.
Just one persons opinion...I only speak for myself.
Are there any moderators here? Apparently not.
>
> I'm sorry Clyde, I made an incorrect assumption that I was dealing
with a
> group of traders here that
> were above average in intelligence and would know to apply apples
and
> apples. My point in saying your
> analysis was flawed was reference to the obvious fact that the
current
> market environment has NOTHING
> to do with the environment that existed for the past 20 odd years.
If you
> wish to compare like with like
> you need to compare REAL bear markets with the current activity.
The US
> has had NO bear markets in
> the past 20 years. The only obvious ones are 1929-33 and the 70's.
All of
> this seems obvious to me.
> Its great to have the ability to take some simple notion and crunch
it
> through 1000's of examples and tests
> but ultimately its like using a sledgehammer to put a nail in the
wall.
> Extremely ineffective and will lead
> everyone to wrong conclusions. There is only ONE proper way and it
involves
> an understanding and
> appreciation of markets, people, economics and how it all
interacts.
> Markets AREN'T simple, they are
> incredibly complex, and any attempt to apply one dimensional
analysis
> across a whole raft of environments
> will be futile. Its like saying the best moving average will be
the least
> square fit line over the past 100 years!!
>
> By eliminating al that is incorrect Clyde, it brings everyone one
step
> closer to the truth. Wasn't their a famous
> genius who once said it you eliminate the impossible, you are left
with
> whats possible?
>
> So my suggestion, even though it went over your head, is to once
again
> suggest that you analyse where 6%
> updays occurred in GENUINE sustained bear trends. i.e 1929-33,
1970-74 and
> the NASDAQ 2000-current.
> I'm sure your readers would be more informed with whatever is
discovered.
> I haven't done the work, but my
> experience would suggest there were quite a few of them, and ALL
except the
> very last one had no bullish
> implications whatsoever.
>
>
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