The Best TA Book Ever Published!!

David Aronson · Nov 1, 2006

I realize I'm new here folks. But what started out as a potentially interesting conversation about the ideas in my book seems to have devolved into..... well a sophomoric rank-out contest. What gives?
David Aronson

austinp · Nov 1, 2006

Dear David,

Welcome to the show. Many(most) threads begin with a solid idea that's debated, then it becomes personal, then school-yard mentality.

I'm quite sure if we all gathered face to face in a room, the debates would be much more civilized and productive.

I myself will read the book, cover to cover and will give positive feedback if that's how I truly feel in the end. Otherwise, I'll say nothing. Most of all, I myself won't ass u me anything else until reading it first.

Having written a large number of magazine articles and handful of books myself, I know what a laborious effort it is AND how personal the project becomes in completion. I'm sure you should be very proud of your work... my sincere congratulations on its publication.

Best Wishes,
Austin

ProfLogic · Nov 1, 2006

Quote from David Aronson:

I realize I'm new here folks. But what started out as a potentially interesting conversation about the ideas in my book seems to have devolved into..... well a sophomoric rank-out contest. What gives?
David Aronson

David,
Do a search of TA and Trend Following on this sight and you will get a real lesson on who is who here. I don't want to bias you, search it out on your own. There are some really neat openminded people here and then there are some real basket cases. This is the internet though so you will get all kinds. Decide for yourself.

rickty · Nov 1, 2006

Quote from David Aronson:

I realize I'm new here folks. But what started out as a potentially interesting conversation about the ideas in my book seems to have devolved into..... well a sophomoric rank-out contest. What gives?
David Aronson

Welcome to ET. Sadly, this is what happens here much too often.

Richard

PS. I ordered your book yesterday. I'm looking forward to reading it. I hope it's as rigorous as it's been made out to be.

kiwi_trader · Nov 1, 2006

It is the internet and ET sometimes stands for Educating Traders but much of the time, sensibly, stands for Entertaining Traders.

Surfer's previous recommendation of a certain fake turtle's book (which ended up making him wish that he'd retracted some of the positives he put forward) has also added sport to his recommendations.

To get things back on track I wonder if you'd be interested in answering the challenge I put forward in the early pages?

Similarly Austin's questions in the same area?

Quote from kiwi_trader:

Copied from their site:

"EBTA rejects all subjective, interpretive methods of Technical Analysis as worse than wrong, because they are untestable. Thus classical chart patterns, Fibonacci based analysis, Elliott Waves and a host of other ill defined methods are rejected by EBTA. Yet there are numerous practitioners who believe strongly that these methods are not only real but effective. How can this be? Here, EBTA relies on the findings of cognitive psychology to explain how erroneous beliefs arise and thrive despite the lack of valid evidence or even in the face of contrary evidence. Cognitive psychologists have identified various illusions and biases, such as the confirmation bias, illusory correlations, hindsight bias, etc. that explain these erroneous beliefs."

Here is at least one major flaw in their study. They are not being truly scientific - at least in their advertising.

If they were they would say "We can not test these methods using our current test technologies so we can say nothing about them." Instead they define them as "worse than wrong." And then, unable to test them, they claim them to be "erroneous beliefs."

Science is about hypothesis, test, result, not about grandiose pronouncements on things that can't be tested. So good on them for advancing the testing (assuming that they do as promised) but no points for more marketing bull phrases and more untested biases and prejudices.

My interest is that I think the book might be interesting ... but by making the statement above you've rejected pretty much everything that I'd consider worthwhile TA .

Thunderdog · Nov 1, 2006

Quote from LivermoresGhost:

I'll let the book speak for itself, not your blah blah blah opinion about it. To quote you -- your comment here, as elsewhere, is baseless.

You can't have it both ways. First you accuse me of being "close-minded" on page 16 of this thread, and now you blast my remark that I think the book might be interesting reading. Make up your mind, troll.

Quote from LivermoresGhost:

Thanks for the complement, moron.

I'm guessing you mean "compliment." But who among us really knows what you mean?

David, I apologize for my participation in this nonsense that is cluttering up this thread. I didn't start it, but I have a fairly low tolerance for mindless buffoonery.

I wish you the best of luck with your book.

marketsurfer · Nov 1, 2006

Nice to see you here, D.A. . Is there a particular stats software that you recommend for those of us who want to test out our ideas first hand? In addition, for those traders here with zero math background, can you recommend a good, easy to understand primer on basic statistical concepts?

thanks,

surf

Optionpro007 · Nov 2, 2006

David,

I have a few questions and comments to make in reference to your book as compared to others already in the market.

Unfortunately I am not sure if you are who you say you are. I will like to know how is it that you got this board to start with.

I think it is too much of a coincidence that you started reading this board at the time surf the punk brought this book up with exclamation marks for everybody to see.

Quote from David Aronson:

I realize I'm new here folks. But what started out as a potentially interesting conversation about the ideas in my book seems to have devolved into..... well a sophomoric rank-out contest. What gives?
David Aronson

Hombre · Nov 2, 2006

Quote from optionpro007:

David,

I have a few questions and comments to make in reference to your book as compared to others already in the market.

Unfortunately I am not sure if you are who you say you are. I will like to know how is it that you got this board to start with.

I think it is too much of a coincidence that you started reading this board at the time surf the punk brought this book up with exclamation marks for everybody to see.

Right on, association with marketsurfer, real or surfer created , is not a good thing , if you want to be taken seriously.

marketsurfer · Nov 2, 2006

I have never met Aronson, nor have I any affilation with him to the best of my knowledge.

I happen to have been very impressed with his book, hence my starting of the thread.

elite members should be welcoming anyone with substantial knowledge, such as D.A., who is willing to come and talk about their research--it's a shame that most everyone gets driven away from this site due to several curmedgeons who simply can't get over the fact that i changed my market philosophy.

why some turn this into a personal matter, merely because I happen to have been a TA practioner then via study/research realized it, in its present form, is pure voodoo--is beyond me. trend following and TA is not a religion, although some of you are acting as such.

regards,

surf