Re: Larry Pesavento - another CROOK - can't trade but "teaches"

Thanks for the info, re: the website review by the NFA.

I would take exception to three of the names on the list below:

John Murphy - I don't think he ever held himself out to be a trader.

Linda Raschke-Last I heard, she was running a couple of off-shore
funds... so she must be trading.  Also her live chat room gives real
time trades.  Whether she takes them or not, I don't know.  What's
important though, is if they "work".  Generally, they do more often
than not,  but certainly not to 100%.   While I don't necessarily
agree with all of her strategies or entry/exit points, I don't think
she's a charlatan.  I thought her writings in "Street Smarts" were
very good.

Robert Miner - His course material is good, and has even been adapted
(read "stolen" ) by an advisor in TradingMarkets.com.  My biggest
issue with him is that he believes in time-cycles and I don't.  His
stuff on market action (pretty much Elliot stuff) is good though..  

On Sat, 29 Nov 2003 02:57:53 GMT, targetrader <[EMAIL PROTECTED]>
wrote:

Never heard of  the Gann Wheel Man.  But then, I'm not a believer in
Gann stuff anyhow.    But I know the type of person you're talking
about.  All bluster, all full-of-themselves.  And they couldn't pull a
nickel out of the market if their life depended on it.

Dave
(yankee93)

>Ever hear of a guy named "Gann Wheel Man"? I was in his room for a
>month and boy, was he strange. He would scream out abuses, whether you
>asked him a question or not.  Without saying as much, he intimated
>that he made a lot of money trading, but never made a specific claim
>in that regard, although one of his students by the name of "Mike"
>purported to be making obscene amounts of money. Hard to tell, since
>neither or them EVER called a trade in real time (his escuse for this
>was that he didn't want to get in trouble with the CFTC).  He only
>charged $90 per month to be in his room and purported to teach his
>methodology. However, he was so lacking in his ability to teach that
>it would probably take you a year or more to learn it.  I left after a
>month when I saw him looking at different indicators each day --
>changing the time charts or indicators to fit the day's pattern.
>Pretty useless stuff, but some people swear by him.
>
>Peace,
>Lowell
>
>On 28 Nov 2003 16:11:38 -0800, [EMAIL PROTECTED] (consuming)
>wrote:
>
>>Dave:
>>
>>I will accept that some sucessful traders teach BUT they tend NOT to:
>>
>>- advertise publicly that they teach (as Pesavento does)
>>- spend hours on line regurgitating "commentary" (as Linda Raschke
>>does)
>>- use planetary motion to determine trades (as the Longs did - they're
>>out of business since 2000 - accounts bankrupted ...)
>>
>>A guy like Ed Seykota teaches. And thank God he does! I took two
>>ultra-expensive seminars with Tharp (understood shit and I did the BA
>>with 3.89 GPA, honors courses at the U. of Michigan '88, then a MA at
>>the U. of Chicago, also top honors). Then I went up to Boulder,
>>Colorado - NLP Comprehensive and I got it all in the first 3 days (15
>>days intensive certification) ... for half the price of what I paid
>>Tharp.
>>
>>Do some research and see for yourself the style between Seykota's
>>educational efforts and all these crooks, bastards, liars, scammers.
>>For God's sake!
>>
>>I mean VERY FEW PEOPLE are willing to talk about this. Man it makes me
>>MAD! There's a number of sons of a bitch liars and crooks out there
>>suggesting, eluding, that they trade. They trade NOTHING. They are a
>>bunch of LOOSERS. NAmes?
>>
>>- Pring
>>- John Murphy
>>- Bollinger
>>- Wells Wilder
>>- Appel
>>- Pesavento
>>- GIlmore
>>- Miner
>>- the Longs
>>- Krausz
>>- Linda Raschke
>>- Tharp
>>- George Lane
>>- etc
>>- etc
>>
>>Not ONE single bastard will actually post AUDITED trading statements
>>for the last 20 years! NO ONE SINGLE ONE! So, what do they do? Trade?
>>Really? You got to be kidding me man!