Tuesday 30 June 2009

So what is the truth?


Here's what I think.

As he can't trade himself, just develop software, he's had a brainwave to make some money and scam naive newbies into his methodology.

He's sat at his desk for a length of time and studied the Dow chart, noting down familiar patterns, and why it reverses, example, hit an untouched stop from yesterday, hit a round number etc. He's bascially jotted down his thoughts into a so called methodology that cannot practically be applied. Well, it works when it doesn't, a broken clock is at least right once a day!

He's developed some software to aid the method, recorded some videos explain in hindsight what happened on that day, put together some PDF's with pictures and then started charging people $4k, explaining to people that they will be millionaires by the end of the year, as you will TRADE LIKE AN INSTITUTIONAL TRADER!!!! All very good marketing.

Not once in any of his PDF's are entries, stops and exits shown, just a discussion of what has happened.

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