pug, here is the response...
"update here's the million dollar question - why the magic box? what makes this TA technique different and better from the others"
i've not made any comment about the magic box technique being better than any other specific technique. what i did say, though, is that many other chartists try to find validation when there shouldn't be. that's partially why technical analysis has a bad reputation in some analysts' eyes. have you ever listened to a record backward? so often you swear you hear something that you think makes sense, but it's really just gobbledy-gook as always. that's what many chartists are trying to do. their playing the chart backwards, trying to find something intelligible when there is really nothing there. the magic box is not that gobbledy-gook. in time you will find out that it's a sound, practical, and practicable system.
all i know is that using the magic box method works. trust me. you can discount if you want, pug. as i said before, i'm not trying to sell you anything. if decide that this is bunk, so be it. i think you'd be making a mistaking by discounting the magic box method, but that is your prerogative, of course.
if you were wondering why it's called the "magic box," the naming of it is just to give it a snappy title. it's a way to remember it and to give it some panache, if you will. that's all. there's no real box. i'd say that there's some magic in it, but that's just my opinion.
goosemeister@hotmail.com
