Quoting narafaDislikedFT,
I have been reading your comments about this subject carefully as I really respect your opinions and your point of view.
It has come to my attention that you have been responding with a little bit aggressivness to 90% of my threads. I am not against this as this is a FREE world and everyone has the right to state his point of view out loud.
BUT,
I want to tell you that attacking someones' opinions should be made with little aggressivness I am not offended as I am used to all kinds of opinions. I have been reading and listening most of the time in my life, so it's not problem to me.
Now back to the Gann issue, Gann used techniques that I agree with some and disagree with some. I never follow any model blindly, I usually question everything I read or hear because it's my MONEY that is going to be in action and I will have no one to blame if I lose money as I will have no one to thank if I make money.
NaderIgnored
1. You asked me a question about where these false stories come from. I thought I wrote a pretty good article about where such stories come from. If you find that agressive I think you'll notice that I tend towards longer rather than shorter articles regardless of who I may respond to.
2. I don't think I actually discredited Gann's analysis of patterns, geometry, or math, but instead described the psychology behind the people who pay because they want to believe in such stories. My point was to illustrate that these two forces work together. The marketer and the purchaser. Each of them wants something and there is a powerful force there that creates many marketing lies such as the 50 million profit lie.
3. Whether somone uses Gann, or Elliot, or James16, for their system development and trading ideas I don't really care. What I do care about is that people are not motivated by false stories. So unless you have cared about these stories of Ganns unbeliveable riches (for his time) then nothing I have said should bother you. I would not dissuade you from pursuing his ideas simply to see what you could get from them -- but I would dissuade you from pursuing his ideas if there were other reasons such as marketing BS, folk legends, or other lies were helping you along. Therefore if you already knew that Gann fed his family from selling his ideas and not from trading there is no basis for my comments. But your question suggested that there was sufficient importance attached to these stories to motivate you to ask where they come from.
4. As far as attacking someones opinions goes I don't see where I have done that. You did not state that your opinion was the the stories were true but instead asked where they come from. How is my answer an attack?
FT