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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: humble1 who wrote (26084)	6/6/2017 6:55:23 PM
From: John Pitera	Read Replies (1) \| Respond to of 41045

Mason "Speed" Sexton of Harmonic Research... LOL.... so funny that you mention.... Mason "speed" Sexton... I have mildly entertaining, for me it was more of a great learning lesson sticking to your stop loss, *when you enter a trade.* I went to Citibank Sydney from Richardson Mann which was a futures trading firm on the 11th floor of the American Express build in Sydney... I went to work for them the year before I moved to Citi. Craig McIvor and myself both sat for the exam to become a registered representative of the Sydney futures exchange on the same day.... He got a 90.. i got an 89.5, we were both happy. So we could trade customer accounts on a discretionary basis or bring in money and get a 7.5% fee if we gave it to management to trade. I being an american expat in Sydney had been previously been trading US stocks and stock and index options with Merrill Lynch out of their Houston office. So several of us at the firm were more into trading the SPX futures, Comex gold, WTIC, the detchmark futures etc.. and we had our night man Graham Filmer that was their every market night phoning in trades to Refco in Chicago. Filmer knew of my interest in Gann and astro and gave me his copy of Merriman's 1980 or 1981 "Gold Book" and said " see what you can make of it." I was in the office late one night with Graham, and Gary Holland, who was extremely precocious.. and very bright....( Gary went on to build a brokerage firm) He was getting Mason "speed" Sexton's newsletter and was paying for his service were you could call him up and speak to him... it was like $25 buck for 5 minutes.... maybe a little more... Gary Holland was following Sexton and was long the originally large SPX contract and I don't recall if I had a position on at the time.... Gary called Sexton a couple of times and Mason was in a long SPX futures position and it was going down.... we had Sexton on the speaker phone and old Speed was long for his own account as well... we could tell..because as the Market was going down the stop loss was hit and we on the phone and Gary asks Sexton, well what do we do now. Sexton, gave a long sigh, and said I know the market is down,( he took another good sized pause and then said )" but I'm going to stick with the trade". That proved not to work out but that was my personal encounter with him. Sexton as I tossed in a a T/A observation during the phone call. 2 years later I was in Manhattan and was out with Bill Sarubi aka Bill Meridian, Arch "Sam" Crawford, and Michael Jenkins and one of them was joking how they had a book cover made up with Sexton's name on the book jacket and had the title created "Everything I know about Technical Analysis".... they said it opened to a blank book. I saw a few copies of his news letter.. what struck me was that he had his name on the newsletter as Mason "Speed" Sexton...... after actually hearing him on the phone, I had a sneaking suspicion that the "speed" as his middle name, was a wink and nod to the Bolivian marching powder...... who knows, it was 1986. a very quick google search on his name brought up this Hulbert review PDF. I see it's been archived on Arch's site. crawfordperspectives.com very laudatory of Arch Crawford, who had worked for the Merrill Lynch head of technical analysis Bob Farrell prior to starting his newsletter.... many, many market observers underwent tutelage while working for Farrell, I believe Robert Prechter Jr. also worked for Farrell if I remember correctly..... there are several other noted folks who came out of there too. traders.com similar to all of the folks who came out of Solomon Brothers in the 1980's... such as Laszlo Biryini and several other notable names mentioned in the "Liars Poker" book. Hulbert had comments on Sexton's performance results as well.... they were not as strong in the late 1980's and early 1990's HFD stated they tracked his futures performance for 5 and 1/2 years, which Hulbert stated as being down 85%, and then Sexton closed down that product in 1993 and went on to launch an Institutional product. crawfordperspectives.com JP