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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Richard Estes who wrote (2462)	8/12/1997 12:53:00 AM
From: GW Riedeman	of 3325

Richard... If you're refering to the "rainbow" algorithm Brookelise cited from TASC, no, I haven't. It violates one of my personal credos: Don't mess with things you can't understand. I defy anyone with an IQ under 300 to figure out just what those collections of mov(c,2,s) {or something like that} are telling us with any certainty. And, I can't accept very much of this ilk on faith alone, whether it appears to work or not. If it broke, I wouldn't know what to fix! Actually, at first I thought it was a joke; now, I'm not so sure....It wasn't April 1. However, if someone can use it and make money, so be it. I won't argue with success... As for your Gann diagrams, I have them printed out, but haven't applied them as per your instructions. They look interesting. I haven't seen these charts before. Regards.... Bill

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