The Metrics and Rules of my Trading guidelines are Fibbonachi Sequenced based.
They are Not Elliott Wave.
Bob Prechter, I have met, knew - we used to have immense disagreements over
the Price of Gold up into the early 2000s, when it became clear his $50 target would
never be met.
Bob was part of the Club, I never trusted him.
I do, admire the work and advancement of his Theory by those that picked it
up and began to use it as a tool for Pattern Analysis.
It was derived from Nature, the Natural order.
I adhere to this as well, the Natural Order. My "System" is based on the Rules of
Natural Orders, however unnatural they may become.
_______________________________________________________________________
I was mentored by a gentleman by the name of John Jetter iV @ Drexel. It was his
introduction to Techincal Trading that began my studies in 1985 with basic on an
IBM.
When IBM token-ring local area networks were introduced that year, we instituted
them for all analysts and support staff.
All IBM AT's were ringed. If I remember correctly, my HDD was 20Mb. RAM 512K on the
first AT I used. Floppy was 1.2Mb and CDs were being introduced for Read Only.
Ancient times, but to us, it was complete amazement and a New World.
_________________________________________________________________________
The Monthly Chart above, I have followed closely from the Lost 2 Decades of non-performance
until Ronald Regan broke the $1 Trillion barrier of Debt.
It is the largest Structure we have dating back a very long time. 1996/1997 were the formative
years under William Jefferson Clinton when arrangements began to change.
_________________________________________________________________________
We are now within 5/5 of this Structure. Beginning 4/5 with 5/5 to come and new All-Time Highs
during 5/5 to complete the Historic Bull Market.
We are trading 4/5 within the 5/5 of a Multi Decade Bull Market.
They are Not Elliott Wave.
Bob Prechter, I have met, knew - we used to have immense disagreements over
the Price of Gold up into the early 2000s, when it became clear his $50 target would
never be met.
Bob was part of the Club, I never trusted him.
I do, admire the work and advancement of his Theory by those that picked it
up and began to use it as a tool for Pattern Analysis.
It was derived from Nature, the Natural order.
I adhere to this as well, the Natural Order. My "System" is based on the Rules of
Natural Orders, however unnatural they may become.
_______________________________________________________________________
I was mentored by a gentleman by the name of John Jetter iV @ Drexel. It was his
introduction to Techincal Trading that began my studies in 1985 with basic on an
IBM.
When IBM token-ring local area networks were introduced that year, we instituted
them for all analysts and support staff.
All IBM AT's were ringed. If I remember correctly, my HDD was 20Mb. RAM 512K on the
first AT I used. Floppy was 1.2Mb and CDs were being introduced for Read Only.
Ancient times, but to us, it was complete amazement and a New World.
_________________________________________________________________________
The Monthly Chart above, I have followed closely from the Lost 2 Decades of non-performance
until Ronald Regan broke the $1 Trillion barrier of Debt.
It is the largest Structure we have dating back a very long time. 1996/1997 were the formative
years under William Jefferson Clinton when arrangements began to change.
_________________________________________________________________________
We are now within 5/5 of this Structure. Beginning 4/5 with 5/5 to come and new All-Time Highs
during 5/5 to complete the Historic Bull Market.
We are trading 4/5 within the 5/5 of a Multi Decade Bull Market.