MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.00

+0.2%

Nov 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Death Sphincter who wrote (62627)	11/16/2000 11:38:46 AM
From: John Pitera	Read Replies (3) of 99985

Hi Carl, you've been mentioned to me by 2 of the smartest posters on SI this past week.....so you have obviously been doing some good work. I wanted to send along a few kudos..... I'll need to check out some more of your recent thinking. I subscribed to Prechter in 1984, and had his letter and his 3 times a week telephone update. that guy made us so much money between 1984 and the crash of 1987, and he actually had us out of the market completely several weeks before the crash. He got so white Hot that it was inevitable that when he was the barron's cover story in 1987-88 he would implode. He had made so much money by then that it can tend to create that mindset that you don't need to worry about what happens next with the Mkt. And anyone who listens to 1 voice only in the market is probably doomed....No getting around "Free Will" and particpating in one's future. When I was trading FX at CMB in the late 80's I actually sprang for the money to buy every back dated issue of his newletter from 1978 or so and then left the entire back at CMB when I left late on. ....such is life. IMO anyone who has not seen his 50 or 70 page booklet that came with his Precision ratio compass is going to have a hard time with the interlocking mathematical harmony of Fib ratios. Bob Miner is also doing some really great Elliot fibonacci ratio work and his software is pretty amazing as well. One more thought about Fib ratio's .....if anyone really wants to get into them, get a compass and work with it on paper charts, the feel for flipping the compass back and forth with the different ratio's, as well as the fact that this type of activity is saved in a different area of the brain than just looking at a chart and software is Super important IMO. When one writing things down by hand, it's also saved in a different section of the brain, hence the superior retention. Linda Bradford Radscke really reinforced that idea in my mine when I saw her last month. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next