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

To: The Jedi who wrote (16240)	2/21/1999 11:55:00 AM
From: stumpy	Respond to of 44573

These two courses are entirely different. The pitchfork course is all email, not very structured, with the learning done with Q and A and examples...also, sometimes it takes a while for Gordon to get back with me, 2-3 days. The Wyckoff Course has been around for about 40 years, I think, and it is, in essence, a completely discretionary approach to trading. I found them on the web somewhere, but they don't have their own url, and the course is all correspondence, not web based. Call 602-942-5581 . This is the Stock Market Institute Inc. in Phoenix. They have a real business address, but I imagine the "institute" is not a 40 story stand alone building. They will send you a free brochure and audio tape which will describe the course in very good detail. The SMI course is much more all-inclusive than the pitchfork course, which I look on as very esoteric (but valuable). The SMI course is all-inclusive, meaning it is a complete course in how to analyze, trade, and understand markets. It's sole purpose is to develop your own judgement and understanding of how markets work from a purely technical standpoint. It is a lot of work, by the way. I am only 1/6 the way through and that took me about 6 weeks. One thing I really like about the SMI course is that it stresses principles as opposed to price patterns. There is virtually nothing in this course that you could program directly into Omega Tradestation, although I suppose you could try. In fact, there is so much material (exams, tapes, etc.) that, if published in book form, you would have about 8-10 typical "trading books" each costing $75 (or more). And this is without the exams and the personal consultation services that SMI offers. Plus, you can drop by their institute in Phoenix and aparantly they have data and research materials there. The only problem about this course is that you really have to buy into its philosophy and forget about almost every other methodology. But the tape you get will pretty much explain that. It's kind of like joining a cult, where you renounce everything you ever believed and start anew (except you don't have to give them all your money).