Yeah, I worked on those patterns because that's how Larry Williams made his $$$. Unfortunately that only works when the market's trading in one direction because when it's not the swing-back will kill you.Originally Posted by Royal Dragon
If you notice that the year he made his million for the year, which I think was 1987, there was a big run-up in the market and he was up like 4 million, and then lost like 2.5 million at the end of the year.
IMHO that's the reason these big speculators get into the course business because they can make consistent money that way. But they cannot make consistent money speculating. If they could make consistent money speculating then they would not be giving courses they would be retired.