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Strategies & Market Trends : John Pitera's Market Laboratory
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To: nspolar who wrote (10693)11/23/2008 11:47:23 PM
From: John Pitera1 Recommendation  Read Replies (1) of 33421
 
Time is huge........ so many times we see price action occur but it takes time to reach psychological reversal points.

WD Gann... Huge proponent of time, so much of his stuff is time related. The first time that you read his "tunnel Thru the Air" and it's implications of time, the importance of Astro influences and old testiment Hebrew rules of time structured sequences.

IMO, it's a true revelation. I've been in BSF for about 7 years ... it's a 7 year study of the bible, and have learned much and hopefully grown up alot from the process.... When I was in my twenties and I asked guys in their 40's who had studied this material, the invariable question was ...."why do you want to know this stuff"

The self evident answer was that I wanted to know these things to be able to more accurately time the markets. And Make Obscene outsized trading gains.... They very softly and often implicitly said that the things that you are seeking in terms of using the markets and systems as simple ways of making money were spiritually misguided. I thank them and especially Tom Wallace for that perspective.

I have seen that it's more important what one gives back to his religious community, his society and to our Lord; and is much more signifcant than the avarice - like behavor thas has us try to acquire more just because it's their and it seems easy to do for a time.

My friend Tom always told me that "Hubris" is the fall of man; and it's equally true that Humility is something that it's tough to have too much of.

John
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