A few pages ago I told you a story about how I stumbled on a method of trading planetary conjunction times. Now I understand that with some of the stuff âpublishedâ in this Journal you may have dismissed the tale as just more of my bizarre attempts at humor. But it wasnât â every word was true. Of course there were no replies, no PMâs, and no e-mail inquiries â just silence. Thatâs O.K., Iâm not offended,
The story, and the method the story spoke of would seem to be pure nonsense. Yet I wonder how many of you have gone off on wild goose chases following other pure nonsensical dreams?
Take W. D. Gann, as an example. Have you ever read any of his work? I will admit to having spent several thousand dollars on various courses, books, and software packages over the years. Well of course I am ashamed to make such an admission, and no, I do not utilize any of it in my trading today. But it was interesting reading.
After perusing the board this morning I see any number of references to Gann, and other âoff-the-wallâ methods/theories being spoken of â they just never seem to go away. We all secretly want to believe that there is some mystical explanation for the otherwise seemingly unexplainable market action. The more sophisticated among us will call bullcrap on such a thought.
I number myself as one of the more sophisticated, since I do not subscribe to any religious, mystical, super-natural, or spiritual beliefs of any kind. But I am just as baffled by the apparent unpredictable nature of the market as you probably are. Wouldnât it be nice if there was some kind of heretofore-undiscovered secret explanation? Wouldnât it be nice to think that there really is predictability in the markets, in our very lives? Answers for the unanswerable?
Iâm sure that all the Gann nuts, and all the others are just crackpots â arenât you? Of course there still is that story I told you a few pages back... Nah, there ainât nuttinâ to this natural law crap â is there? Damn, I wish I knew â knew for sure.