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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: SE who wrote (41530)11/26/2000 7:09:19 PM
From: Patrick Slevin  Respond to of 44573
 
You mean if it does not go up it might go down?

I think after two or three years of posting what time I thought the market may change direction I would get relief. Yet there are still guys that come in and say it cannot be done. Like I'm going to stay here forever and predict times.

You try it, Peter has done it, I made a habit out of it here and on the spoo thread for two years, hey it gets wearing to prove it over and over again.

The interesting thing is the number of times I would post that I believed that the market would turn at such and such a time and it would yet no one would notice....

It's because no one believes that one can do that. But Gann is one person that could do it, using a different method entirely. Anyway nothing is infallible but when you can devise a system that often hits within 5 or 10 minutes of the time that you think it will hit that is not coincidence.

Anyway I was tired of doing it every day so that's why I stopped. Like you say, who needs the friction; there are a lot of people who post no longer because they do not wish to have to defend themselves, over and over.

I am willing to try to understand a method that I do not know anytime. I do not reject anything out of hand. I may not understand Elliott Wave, for example; but I would not say that people cannot make money using it.

As far as El Bondo goes, it would be nice to make money with that but I already have the commodity markets set up for tomorrow. I think El Bondo shall be a nice trade over the next few days.