Michael Moore Kills Capitalism With Kool-Aid

That's your response to my review? I think we can both agree that for us to debate is silly. You have attached yourself to that message. I clearly don't.

 

I don't understand your message either. Are you saying you like my review, like Moore's film or something else?

 

I wish he would debate Chomsky. Mr. D is a talk show host and Milton debating him is like Mike Tyson fighting my 4 year old.

You wanna see a verbal exchange catch Chomsky destroying Buckley. Now, that's an even fight.

 

I'm not much of a messenger. 4 out of 5 do not agree with me, either.

For me and a few others, your review and Michael Moore's movies are not important.

But there is something else. I mentioned dealing out of principle and helping others. One of the small results is econometric downside immunity AND the opportunity to help others in a non commercial or self-serving manner.

The something else is a Karma and Dharma thing. The circulation of gifts, stops when givers are not given anything by others.

Here is a gift for you: markets operate under one pattern. This pattern of trending applies to all fractals in all markets. As a color pattern in volume and price the pattern is either B2B 2R 2B or R2R 2B 2R. The two patterns alternatively overlap to form a cycle. Three legs for price and alternating peaks and troughs (two each) for volume. You have never seen it as yet. Pass it forward to others. Maybe someone will draw you a picture as their way of passing it forward to you. Do not commercialize it; just give it away as it was given to you.

B2B 2R 2B to R2R 2B 2R to B2B 2R 2B. It is called trendfollowing.

 

Thank you for reading it and responding. I hope all goes well for you.

Helping others was my point.

 

Can you stop beating around the bush and be specific about your criticism?

 

Trendfollowing and economics is not your forte. Probably, it is a matter of education and background. Michael Moore is a documentary film maker with a purpose to make money in that industry. You did a documentary as well that is in the form of a distributed DVD. The teasers, etc were typical of the whole production you did. What was it anyway?

My specific criticism is that you are out of your league in trendfollowing and economics. I have a basis for my criticism. My personal experience in these fields as a problem solver and specifically, removing non performers at EOP.

There is a difference between ideals and principles and the practices of people. There are very few whistle blowers on the current situation and there are fewer people who are capable of dealing with blown whistles.

It is important to use the self interests of principled people to solve problems of our culture. It can be done as for profit free enterprise or not-for profit help programs. The US does guarantee some rights as well.

You like anyone else are starting small and you are not able to continue without moving around from place to place. It is a quality assurance issue raised by your benefactors so far. If you are going to work a given turf, get educated first. If you can get educated by some reasonable standard, then operate from the pertinent principles only.

I have empathy for you. Many people see the books you publish.
your publishers are driven by potential book sales apparently. Michael Moore is selling a message that is constructed from an very incomplete fabric. You do the same.

Think of the financial planners who take money from people and give them advice. This group is under performing in regard to protecting clients. You do the same as they do topically. I know you do not see yourself as an authority of practicioner. But your products convey that you might know something about what you write about when in fact you do not.

Did you expect Prentice Hall to correct your manuscripts? Was your opjective to just make a hodge podge of trendfollowing by promulgating the myths of the financial industry? It looks like Prentice Hall accepted and published your stuff without a peer review process.

Trader's Monthly was short lived because it didn't have pithy content of anything really of substance. Conde Nast's Portfolio went the same route.

I was startled to read that you moved your money around recently. Do you tell people you move your money around?

 

I have never appreciated Jack Hershey's posts on trading - I have never been able to fathom what he was talking about. Perhaps that is my fault.

I do however applaud his weltanshauung and have come to feel very much the same way over the years. I find it sad but inevitable that posts such as mine above and Jack's are treated with derision. That is how the world has become what it is. There is no chance for a better world until attitudes change. Well said Jack - I applaud you. I wish more people thought in the way you do.

 

Looking at Mr Covel's website today reveals the following commentl:

"Occasionally, someone trying to promote something or start a debate will argue that trend following rules must always change due to changing market conditions. This is nonsense. It is a specious argument."

One has to assume that Mr Covel’s (presumably sincerely held) convictions are behind his continued promotion of the original Turtle trading rules. If Mr Covel were to trade or back test those rules for himself, he might observe that such rules need “change” in order to adapt them to today’s markets.

Mr Covel also appears quite unaware that a perusal of the freely available disclosure documents of leading CTAs reveal that their systems are under constant change and adaptation over the years. The same basic idea might remain, but to claim there is no change is inaccurate.

Let me be quite clear here: I am not throwing an insult at Mr Covel. I have read a statement on his website which I believe is wrong. I am stating my view in a polite and I hope inoffensive manner.