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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 10 4:00 PM EST

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To: Robert Rose who wrote (26374)	9/20/1999 1:35:00 PM
From: John Madarasz	Read Replies (1) of 99985

Robert... "The failure of the regulatory commissions to regulate the insidious complicity between the government and the insiders on Wall Street to defraud investors is spelled out." This from Senator Lee Metcalf's forward found in Richard Ney's book " The Wall Street Gang". I really can't believe things are so different 25 years later. My guess is that they are probably worse, and the crooks are a lot smarter than ever before. Thanks for some very interesting and well written posts of late... Best Regards, John Madarasz P.S. Thanks LG for the great link to the Deemer site... "The best forecasts are the ones that challenge conventional wisdom. But to do so requires strong conviction and may not be commercially successful unless one presumes to be right 100% of the time. And even in this unlikely event, telling your clients that they are wrong over and over is unlikely to produce high repeat subscription rates. So a high success rate can be a pyrrhic victory. To succeed the strategist must have a retentive sense of history, mathematics and graphic skills, a skeptical mind, wit and an ability to express ideas that are difficult to imagine. But most of all, fortitude"

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