I majored in English literature, one reason why my trading system is light on such quantitative tools as regression analysis and chaos theory. Even so, I'm unaware of any other system that consistently yields swing points more precise than the hidden pivots I serve up here each day. The propietary method I use is idiosyncratic to the extent it employs mainly pattern-recognition skills and other right-brain tricks to interpret stock charts. I've considered automating my forecasts and trading by way of a rules-based system but have been told by my friend Mike Barna that the end result would probably not improve on the laboriously achieved results I'm already getting. Mike is arguably one of the world's most skillful and successful trading-system developers. He and his partner John Ehlers have developed and marketed numerous commercial systems that continue to dominate FuturesTruth magazine's 'Top 40' rankings. One of those systems, R-Mesa, is an index futures-killer whose capabilities have evolved to the point where Mike and John no longer sell it but instead partner with institutional clients for a percentage of trading profits. No Holy Grail Mike has been hard at work lately developing a very powerful system that he says will encompass and supersede thousands of other trading systems he has developed over the years. Still, he does not claim to have found the Holy Grail, for even the most profitable systems need to evolve as market conditions change, as do the hand-wrought strategies that I bring to you each day in Rick's Picks. At some point, I hope to be able to offer you algorithmically generated trades. Their main advantage would be to greatly expand the number of issues I can track and trade. For now, though, other format changes are in store that will emphasize detailed and specific trading advice over
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