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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Dante Sinferno who wrote (77334)	6/2/2002 12:31:20 PM
From: Doug R	Respond to of 122087

Cube did attend one of my seminars. They were all set up as a means to create a group of TA minded traders who would remain in contact and be able to converse within a particular framework of chart reading. A common language as it were. As for the accusation of separating investors from their money it is well known that I put these seminars on at only very slightly above cost. The point was for attendees to learn what I could teach them about TA. Cube was apparently incapable of learning. The portfolio on my thread contains stocks that exhibit one of the chart formations I taught. It speaks for itself. He can call me a fraud and a coward all he wants. His ability to assess character is obviously not one of his strong suits.

To: Dante Sinferno who wrote (77334)	6/2/2002 1:13:06 PM
From: Cube	Respond to of 122087

Dante, Yes I did attend one of DougR's seminars. It cost about $300 dollars and took about 6 hours. I was new to technical analysis and wanted to learn all I could. After the seminar I backtested all of DougR's theories and found that they did not work more than 50% of the time in the real world. No objective study of his work could come to any other conclusion. Problem is: it is hard to make money when half of your trades go against you. 50% accuracy is the same as throwing darts at the Wall Street Journal, or the chimpanzee that was picking stocks. The worst part was after the seminar. When you would find a trade using DougR's theories, and that trade turned out to be wrong, DougR would tell you that you didn't see the chart correctly, and that it really wasn't a correct reading of his 56 technical indicators. Sometimes it's an art form he would say. It was an art form alright, but it was a form that only DougR could read and only after the stock had made its move in one direction or the other. I feel certain DougR knows that this is the case as well, but he continued on with these seminars. I have come to my own conclusion as to what this makes DougR. You will make your own. Cube