Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Staff who wrote (1634)	11/17/1997 7:44:00 AM
From: Cage Rattler	Read Replies (1) \| Respond to of 5676

Staff: Ref: G. Kahn. Have you read Chamber's, "The Devil's Horsemen"? An accurate historical account but not a quick read. Ciao, Ted

To: Staff who wrote (1634)	11/17/1997 10:01:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 5676

Hello Staff A remarkable weekend of commentary - fascinating. And they have greatly expanded my interests in these areas and intend to look further into Gann and the third element of trading patterns. I am just beginning to experiment with systems trading....although a stock trader for some years now, my success has been barely worth the time...and I am hoping my interests in this area will improve the trading profits. . There has been a hudge influx of books and material published in the last 5 years on Nostrodormus. He has received a lot of attention from some of the "new age" esoteric authors. One particular lady has done 3 + books on the subject...cannot remember her name...but can easily get it from the local bookstore. Not all the new works are worth very much, but this person is really interesting and has done some exceptional work in decphering what remains of his work. I also believe some new Quatrians have been discovered....anyway, I will dig it out her name for you this week. . Been reading Dr. Alexander Elder's book "Trading For A Living" and ran across this interesting quote: - it's on page 23. "Various opportunists sell "Gann courses" and "Gann software." They claim that Gann was one of the best traders that ever lived, that he left a $50 million estate and so on. I interviewed W.D.Gann's son, an analyst for a Boston bank. He told me that his father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D.Gann died in the 1950's, his estate, including his house, was valued at slightly over $100,000. The legend of W.D.Gann, the giant of trading, is perpetuated by those who sell courses and other paraphenalia to gullible customers." . If this is true...and I have no reason to doubt Dr Elder's statement...I would suspect that Gann may have been a theortician more interested in discovery then actually practicing his techniques. Perhaps he had the ever persistant problem "of pulling the trigger" that so many practicing traders often have. The 2 types of brains do not often go together....as a teacher Gann must have been very exciting. . Are there any of his students and practitioners that are today successfully following his work...? If so are there any systems you recomend for a beginner Although I've been in the markets for many years systems trading is a new interest. Again, Thank you for your fascinating insights into trading. Continued Good Luck, Chip