LOL... this thread is entertaining... Funny how Gann is god for most of the Gann followers. Obsessive, Biased and blind. I use Gann but I don't care if W.D. Gann himself was a hobo or a piece of sh*t. Think about it, what difference does it make with how you trade? Let's say you use MM and find out for a fact that Gann was just a freagin' beach bum, are you going to change how you trade? You guys just make me laugh...
OK, I admit it, I bit, and went and looked at the web-site. The one thing that struck me is that this guy writes like the famous ET philosopher (he must be, because I can never understand a word he's saying) Murray T Turtle. Could they be one and the same??
that is a good observation, hendrix. same name, same writing style------ who knows ?? my thoughts on the murrey math concept is that it is appealing to some people due to a basic misunderstanding of mathmatics/statistics that is prevalent in the united states. its premise is clearly flawed but the followers still believe. best, surf
Well, I just checked Murray Math site also... funny stuff... maybe I'll figure out the logic behind the ranges of the square... well I have a good idea though.... Well, one thing I know is: The range is determined by dividing the price by square 2 series(2, 4, 8, 16, 32, 64). Most prices start with 1/8th mulitplied by 10s(.125, .25, and .375... to 12.5, 25 and 37.5 and so forth). Simply, a variation of Gann's Time/Price Calculator with Logarithmic Growth, along with basic 3 dimentional chart concepts. Gann viewed that the charts were 2 dimentional representation of a 4(3 dimention and 1 for time) dimentional sphere. That's why he put circles in the middle. So would be better if they would consider putting cycle and periodic analysis to make the circle thing work better.... Just my 2 cents...
What a bunch of posers on this site. You have a bunch of penniless wannabes that don't even know how to trade that are ripping things like Murrey Math when they don't even know what it is. There ARE some things out there that are tremendous. Is M.M. one of them? I have no idea, because I have never looked into this stuff, and therefore have no reason to bash it.
How do you know who they are and that they don't know how to trade? I checked out that site many times. I surprised that it still exists. Well, must be because of people like you. Who know...
Geez Wally, I wasn't being critical of you, I was just making my statement in general. For what its worth (poser), I have never been to that site.
I'll chime in my two cents - First off, I personally think Murray is a total idiot. The constant reference to 8th grade math is hyperbole, but it does apply to Murray's use of English - actually, I've seen a lot of 8th graders who write far better than Murray, so maybe that's 8th grade English in the backwoods somewhere where they have stills and shoot at the revenuers. On the other hand, just because Murray's a schmo doesn't mean his rip off of some Gann concepts invalidates them. Chop out all the Murrayisms, hyperbole, and utter BS and you've got Gann price/time relationships. Gann liked 1/8ths - so key high/low price ranges were divided by eighths to mark both retracements and projections. As it turns out, the eighths line up close to similar Fibonacci levels. So conceptually it's similar to trading off the Fibs - which a lot of people do and few ridicule them. Would it work all the time? Hell no - does anything? - except maybe shorting any stock my brother thinks is a good buy So ridiculing Murray and all his illiterate rambling and hype is easy and makes a lot of sense, but I'm not sure it's proper to outright dismiss the underlying concepts just because one of its proponents is an ass - they're Gann's ideas anyway.
check this out; John and Friends, I don't have time to engage in the (sometimes) intellectual and analytical discussion like many members of this group. There are two principal reasons for that. Primarily because I have a wife and five small children who (rightfully) demand my time and attention. Secondly, I manage other people's money for a healthy fee and I do so using MM. We recently completed an audit which will allow us to publicly advertise our portfolio performance, gross of fees and charges: 2000 19% 2001 27% 2002 20% YTD While these returns won't be sexy enough to impress many of you, I would gladly compare them to the DOW, Nasdaq, S&P, etc. Or, for that matter, any billion dollar publicly traded open ended fund. These numbers have been achieved using mutual fund principles of management, meaning no short selling, no options buying/selling, no margin, and a portfolio containing ONLY Dow 30 stocks. Let me pose a few questions to those who just can't seem to accept MurreyMath. BTW, I say 'accept' because I long ago gave up trying to 'understand' everything that any genius might teach, which of course would include principles upon which Murrey might teach. I would venture that many of those who have trouble 'understanding' aspects of Murrey Math have no problem 'believing' certain religious principles but cannot 'prove' them. 1. How can a man predict within 1/10 of 1% the closing price of ANY particular security or index 8 hours prior to the closing of that market? Murrey has done this in my presence at numerous Nashville-area watering holes without the use of software or a calculator. 2. How can a man on a golf course explain prior to hitting a golf ball that because of certain principles of science and math he MUST hit a hole in one on the next hole and then proceed to do exactly that on a 203 year par 3 at Opryland/Springhouse? I was there. He randomly grabbed a club, I continued an argument from the previous hole about Fibonnacci, and in a moment of frustration, he explained to me how he was going to teach me this particular lesson. He spoke for 30 seconds, turned around, swung the club, and it landed within three feet of the pin and rolled in. You can imagine the reaction of the other pair in our four-some. I went on to bogey the hole. 3. How can a man accurately identify ahead of time the the standard deviation of a four year old child's scribbling on a folded piece of paper at my home in January of 2000 if he does not know of which he speaks? Ask my wife, who was also present at this experiment in our home in Franklin, TN, with my son Michael. I could go on and on. For some, seeing the money in the bank would not be enough. For others, touching the money would not be enough. What will it take for you? Jeff Cassman MurreyMath Master Trader President, Cassman Financial Group Conservative Republican Father of Five Traditional Catholic Impatient Reader of the Yahoo MM Skeptics Group check out his bio http://www.jeffcassman.com/about.htm