XJO 0.88% 7,959.3 s&p/asx 200

correction getting much closer now., page-102

  1. 2,473 Posts.
    paddington

    yes, I do. i have one of his books, but also, go to www.sitm.com.au that is the organisation he setup to promote education on trading.

    i've never met the guy, but i have seen his work - its brilliant. have a read up on his history - i fully recommend it. he's one of the few people who still draws graphs by hand. at a meeting i was at once the presenter told the story of how someone gave him a computer to make his graphing easier, apparently he used it for a day or so, then threw it in the lake where he lived. his stance is very much that you don't get a feel for the market and its movements without drawing at least a few graphs by hand. i do agree with him to a point. simply looking at a graph is limiting, but when you've actually drawn it on paper with a ruler and pen, it gives you a much better feel for it, i laughed at that notion till i actually done it. but gann and bowden both really pushed the idea that the market is a lliving thing, made up on living individuals and the graph is a representation of its life, it has patterns and those patterns repeat. so drawing the graph by hand gives you an 'up close and personal' feel of what it is doing. sounds weird, I know.

    but i figured, best not argue with a guy who has proved his methods, not once, not twice, but regularly and consistently over 20+ yrs and has 30+ vintage vehicles (or something like that)
 
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