Here's a one page summary I put together that's mostly direct quotes from Jack and his "A Team," along with some editing by me: http://www.elitetrader.com/vb/showthread.php?s=&postid=1095707&highlight=nutshell#post1095707
Jack mentions "compare and contrast." Why doesn't he do that for Hershey Method vs. Channel Trading and Hershey Method vs. Trend Trading? As far as I can tell, Hershey Method is some complicated form of channel trading. Channel trading is well known, so why did Hershey think he needed to "add value" to it? Is he aware that he is trying to present a confused form of something that has already been done? Is he deliberately confusing what has already been done?
yes. there is nothing new under the sun when it comes to TA. complication is done for self aggrandizement or profit by selling the idea. nothing else makes sense. surf
I agree. EDIT: Actually, there is an additional possibility. If you feel that people are getting dangerously close to exploiting an elegant, simple and useful idea, whatever it may be, you may then have to obfuscate and complicate in order to keep them running in circles and bumping into one another. Theoretically speaking, of course. And then there are the pet owners who keep raising the treat ever so slightly just above Fido's reach. Why? Because they can. And that brings us back to self-aggrandizement.
LOL - the call live trades tirade. I think see a short coming in the ES, c/o the Jack Hershey method. S @ 1411.50, PS @ 1413.50 JJ