Lee,
There are three pompous horse's patooties on this thread, excluding me, IMO. I would just make a fourth. <gg> Three who want, as you say, to be idolized, start a thread and have a following, excluding me. I just want to trade, and learn a few things on SI from those with superior knowledge and experience.
I stand by my note to don about his attitude, it wasn't meant to be malicious. He obviously, like all who need a following and disciples, has a problem. He's demonstrated that time and again. Chris likewise has something to prove, as do you. Poking fun was an effort to demonstrate that to you and others, showing how little mystery there really is in the charts and indicators they use. Obviously, I misjudged the measure of how seriously you take yourselves.
How dare I post what I think are don's signals? Surely you don't think his signals are some new-fangled approach to swing trading?
In my book, gurus are dangerous folks because their egos control them. They don't accept disagreement, at all, because they are too fragile. My play yesterday was aimed at illustrating nothing more than that. I think it was a huge success. Many, many others who have pm'd me agree.
Rude? No doubt, but really nothing more severe than Chris's condescending attitude and Don's persistance in challenging the rising wedge because it does not suit his bullish committment to an IT bottom. I certainly was not trying to *prove* that *I* was right about the formation, the formation and its behavior upon breakdown proved that itself.
I really hope that you three take a dose of reality from all this. You have a lot of folks here following your words, as though being a "following" is what learning to trade the markets is all about. Just to illustrate, can you imagine that folks have actually contacted me asking me to interpret that spoof of a chart I posted last night? In the long run, no one should forget that gurus and guru-wanna-bees care nothing about anyone but them self, in the end. By and large they don't trade the markets well themselves, but they have good skills. So, they drum up a following and start a newsletter service for the rest of us to fade when the consensus is too bullish or bearish. :)
So, to the thread, I'll not post here anymore. I am truly sorry that so many took offense, rather than took the true point which, despite it's approach was meant to make a sincere and beneficial point. I've not tried to prove I'm right on the market, or that I'm a "gifted trader" (although that call at 2:30 yesterday was quite good, don't you think?). I'd be posting my trades every day, if that were my purpose. Just tried to point out that everyone has flaws, and the largest and most dangerous one of all is the ego. Egos and trading don't work together favorably, they destroy would-be traders.
Please carry on with your work, and allow some room for differing views and legitimate disagreements. I can't count the number of folks who have emailed me privately saying they feel like they've been run off this thread in the past when they raise an issue or disagreement. I know the work of some of them, and I view it as solid and it would be of great value to many on this thread. But, there's only room for so many gurus on a thread, right?
My sincerest apologies,
Jeff
Best of luck to you and the thread. |
