Oh yes he is! I just spent the afternoon hacking his two websites and reading a lot of what is on EliteTrader. He is mad. Bitstream and others are picking on him. His website is making a lot of claims. Anybody got $4500 plus hotel and air to go see what he is selling?? AND, professor, I already do your market turns myself. I just have to ask volente!!
But you contradict yourself: Quote from ProfLogic: "Personally ... I first spend 5 hours before the Market opens studying Fib numbers, Elliott wave patterns ..."
"..around for over 100 years.." All this lagging higher lows/highs or lower highs/lows stuff is old hat from Dow Theory as is the primary trend concept. Anything older, and you'd have to be using the Dead Sea Scrolls as your trading manual.
Went back and read some history, as this looked interesting... Not sure what is so controversial. Markets oscillate - check. (Even if it looks flat on one timeframe, it is osc on a lower one). Markets have direction - check. ( Duration and magnitude are another matter). Markets form support/resistance highs and lows - check (if they didn't they wouldn't be oscillating - it would be Dumper to Hell or "Bang/Zoom Alice!"). I guess those indicators are for momentum/divergence, direction and swingpoints... Going to have to check into the accuracy of how volume bars are calc'd on my charts after reading some of this stuff...
Nice to see you have time on your hands doing internet B&E's. Class is over. No longer offering courses. Glad you already see what I do. You're a smart person that figured it out. Congratulations.
There is no contradiction . . . that was sarcasm. Here is the whole post so everyone can see that you took the phrase out of context. Perfect example of why I don't teach anymore. "Personally I like the above but I first spend 5 hours before the Market opens studying Fib numbers, Elliott wave patterns and saying prayers over a picture of Larry Pesavento and Larry Williams hugging at a trade show. Then with all my resources in front of me, I add a pinch of MACD, sprinkled with a smidgen of Stochastics, a touch of RSI and, least we forget, Woodies CCI Room & Kingfishers Room playing in the background. When they all line up on 8 separate minute charts, the Moon & Venus line up over Bob's house and then someone in Woodies Room screams SELL . . . I BUY. When they all diverge in perfect unison and I hear Kingfish mutter BUY. . . I SELL. Needless to say I don't make many trades but it sure is a lot of fun. Sorry guys . . . I couldn't resist."
If you know that then you know the only thing Dow and his followers never did was to define the Primes. I do. That and the price oscillations occur in real-time, they don't lag. The indicator, which only verifies, lags. I don't trade the indicator I trade price. But as I've said before . . . what you don't understand . . . condemn and ridicule. Makes one feel better.