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| From: | J Insley <jinsley@paradise.net.nz> |
| Date: | Sat, 17 Jan 2004 23:37:20 +1300 |
Woody,some of your readers may not be aware that W.Gann flourished in the
psuedo-science area about 100 years ago. One of his statements-:
"It is impossible here to give an adequate idea of the Law of
Vibration as I apply it to the markets, however, the layman may be able to
grasp some of the principles when I state that the Law of Vibration is the
fundamental law upon which wireless telegraphy, wireless telephone and
phonographs are based". which is of course just nonsense,as are most of
his other pronouncements. The terms "mathmatical perfections" sic, points
of force mixed with Faraday,Einstein,the universe running in cycles,all add
up to some sort of muddled logic which seems to have made money for you so
far.
"Currencies rise and fall. Just buy at the low end of the market and sell at
the high end.", you said. Yes.Right! Was that Einstein?
" What ever you do you MUST believe in your system ( whether its a coin
toss,
reading the entrails of a goat or following the rules of WD Gann )" you said
today.
This would be the worst piece of advice I have come across of late.
NEVER trust your system.Watch it like a hawk.Given a moments carelessness
and it will bite you on the bum. Hard.
Jim.
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