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To: Sasquach who wrote (1995)1/28/1998 1:20:00 PM
From: Greg Butcher  Read Replies (1) | Respond to of 2377
 
Sasquach...If I can interjsct here about Gann...

here is a paragraph taken out of the book "Trading For A Living"
by Dr Alexander Elder...if you would like to learn about TA this is the book you should get.

"Various oppertunist sell "Gann courses" and "Gann software" They claim that Gann was one of the best traders who 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 famous father could not support his family by trading but earned his living by writing and selling instrucitional courses.
When Gann died in the 1950's his estate, including his house, was valued at slightly ove 100,000 The legend of W.D. Gann the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers" This can be found on page 23.



To: Sasquach who wrote (1995)1/28/1998 1:26:00 PM
From: Dave H  Read Replies (1) | Respond to of 2377
 
Sasquach,
Don't know anything about Gann's stuff. Right now I've been working with DeMark's stuff, as you can tell. I like a lot of his ideas, but of course, nothing works 100% of the time. I like how he is able to relate his concepts to supply/demand dynamics. His techniques are a bit agressive though.

I find that when many different systems all start to come together though, it usually means something. For example, take the recent example of RADAF; both Doug R and the Demark buy setup sent out a low-risk buy signal the day before the 2+ point move.
I like it when I see one system reinforce another.

-dave