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Author: heihojin Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 113  
Subject: Re: Commodity Investment Patterns... Date: 3/7/2001 2:33 AM
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The methods of charting are conservative, and follow historical charting patterns that appear to have stood the test of time...

I also became interested in commodity futures trading through the Ken Roberts Company, which I first purchased way back in 1991 when I was a 17-year-old college freshman. When I originally purchased it, I thought I had found the Holy Grail. Of course, I've done that quite a few times throughout my life.

Now, ten years later, I'm not so sure.

I have learned to become wary of any strategy that claims to beat a game (whether it be stocks, commodity futures, blackjack, you name it) without a solid theoretical foundation. Ken Roberts' strategies, as presented in TWMPMM and the associated Bonus Packs, lack this foundation.

One of the major issues I have is with his "50% Retracement Rule." To the best of my recollection, the 50% Retracement Rule states that the price of any given contract will always "retrace" a prior movement by at least 50%. From the tone of his Internet chats, it seems he personally has shifted his trading strategies away from the original TWMPMM strategies to trading on 50% retracements almost exclusively. I have not seen sufficient empirical evidence of this "rule," let alone a theoretical justification, to convince me that any such "rule" exists in nature.

I am not one for faith-based investing, certainly not after my short-lived stint as a Rule Breaker believer, and I have yet to see any empirical evidence that indicate that Ken Roberts' strategies do as he claims.


heihojin
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