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For more information, reference the article, "The New Gann Swing Chartist"
by Robert Krausz in the February 1998 issue of "Stocks & Commodities"
magazine. In the article, Mr. Krausz discusses W.D. Gann and how he
obtained an original trading course from the last trader that Mr. Gann
taught. Very interesting.
Al Taglavore
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> From: Lionel Issen <lissen@xxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Market Gurus (William Gann)
> Date: Wednesday, November 22, 2000 10:46 AM
>
> Ron:
> After a tedious search I find the title: "A W.D. Gann Treasure
> Rediscovered", by Robert Krauz. its about $160 and seems to be out of
print.
> Traders Press might have it.
>
> Lambert-Gann was bought by Nikki Jones. Her web site is
> http://www.wdgann.com/ It shows Gann's recommended reading list, mostly
or
> all books on mysticism. I think that the reading list is a red herring.
If
> anyone tried to read this booklist, they would not have any time for
eating,
> sleeping, sex or trading.
>
> Lionel Issen
> lissen@xxxxxxxxx
> ----- Original Message -----
> From: "Ron Scott" <ron@xxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Wednesday, November 22, 2000 12:58 AM
> Subject: RE: Market Gurus (William Gann)
>
>
> > Lionel-
> >
> > No, I have not heard of Gann's Secret. Is is by Krauze or originally by
> > Gann? I only have Gann's "How To Make Profits Trading Commodities"
book.
> You
> > might have to try a used book dealer, unless it might be at one of the
> > trading book places new. I have heard the story about Gann's wife
selling
> > his materials to Lambert. On page of 139 of Louis Borsellino's book,
he
> > claims to have invested in original rights of the Gann's charts and
> > overlays. I have no idea if he is referring to the same materials
> supposedly
> > sold to Lambert. But I also heard Lambert died.
> >
> > It would be quite interesting to know what the real story is, and also
the
> > truth about Gann's actual trading profits. Borsellino seems to be a
very
> > successful and capable index futures trader. Since he's been at it for
20
> > years, he must be at least marginally consistent over a long period of
> time.
> > It is therefore hard to understand why he'd even want to follow Gann,
> unless
> > Gann was far more successful than his son let on. Perhaps, it is
possible
> > that Gann did make $50 million and hid it somewhere overseas, and his
son
> > was in on it. Then, after dad dies, he acts like he's broke so the IRS
> > doesn't catch on. After all, if Gann had even a fraction of the
financial
> > savvy attributed to him, setting up an offshore tax haven would not
have
> > been too difficult for him.
> >
> > Something doesn't add up here. Maybe Gann was just as bad a trader as
his
> > son said, and swiped all his material from someone else just so he
could
> > write about it and sell books. But it seems there must be more to it
than
> > that, or maybe, like others, I just want to believe in the myth.
> >
> > Anyone know anything more?
> >
> > Ron Scott
> >
> >
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
> > Sent: Tuesday, November 21, 2000 10:14 PM
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Market Gurus
> >
> >
> > Ron:
> > Thanks for the lead about Borsellino. I had never heard of him.
> > I thought that Gann's wife sold everything to Lambert, and that Lambert
> > recently died or retired and these materials were sold to someone else
> > (Borsellino?).
> >
> > About a year ago someone, I thought his name was Robert Krauz, wrote
about
> > Gann's Secret (or some such title). Do You know anything about this
book?
> > Lionel Issen
> > lissen@xxxxxxxxx
> > ----- Original Message -----
> > From: "Ron Scott" <ron@xxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Tuesday, November 21, 2000 7:26 PM
> > Subject: RE: Market Gurus
> >
> >
> > > Neo and Lionel-
> > >
> > > Thank you for clearing the confusion regarding the legendary William
> Gann.
> > I
> > > had heard somewhere he was worth $50 million when he died. Must have
> been
> > a
> > > nothing but a rumor. Whatever his net worth, while there are some
good
> > > trading concepts to be extracted from his work, it sure isn't fun
> digging
> > > them out. And the mysticism stuff is rampant, with no way to know
what
> he
> > > really meant. Borsellino thinks highly of him too, sounds like the
most
> > > money he made was when his estate sold his materials to Borsellino.
> Maybe
> > > the true secrets were in that material. hmmmmmmmm. Does anyone know
> where
> > > the $50 million rumor came from, or if there is any truth to it? Did
the
> > guy
> > > ever make any money trading, or just write about it?
> > >
> > > Ron Scott
> > >
> > > -----Original Message-----
> > > From: owner-metastock@xxxxxxxxxxxxx
> > > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
> > > Sent: Tuesday, November 21, 2000 2:52 PM
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: Re: Market Gurus
> > >
> > >
> > > There was a discussion here about 2 years ago. The value of Gann's
> estate
> > > back in the 1950's was put at a number of different values that
ranged
> > > around $55 and $100 k. Prices have gone up around 10 times since
then.
> > > Gann's estate in present day $s was not more than $1meg. this is not
> very
> > > impressive for a great trader. Most of Gann's estate was in the value
of
> > his
> > > house.
> > >
> > > At her web page and in her book, Constance Brown thinks very highly
of
> > > Gann's methods, along with Elliot wave and Fibonacci methods. At her
web
> > > page Brown suggests that Gann's methods were based on musical
intervals
> > > which are logarithmic. Does anyone have the knowledge and skill to
> follow
> > up
> > > on the hints at her web site?
> > >
> > > Gann deliberately wrote in the obscure style of some professional
> mystics
> > > and some academicians who work hard at hiding the fact that they may
not
> > > have much to hide. I find it hard enough to learn something new
without
> it
> > > being made difficult.
> > >
> > > When I was a child it was said that only 4 people in the world
> understood
> > > Einstein's theories. When Einstein was asked about this he laughed
and
> > said
> > > that he had personally met at least 600 people who fully understood
his
> > > theories. Almost any subject can be made understandable to a lay
person
> if
> > > the speaker will make an effort to do so.
> > > Lionel Issen
> > > lissen@xxxxxxxxx
> > > ----- Original Message -----
> > > From: "neo" <neo1@xxxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Tuesday, November 21, 2000 12:52 PM
> > > Subject: Market Gurus
> > >
> > >
> > > > I am reading Elder's "Trading for a Living" where he talks about
> market
> > > > gurus including Elliott and Gann:
> > > >
> > > > "I interviewed...Gann's son... He told me that his famous father
could
> > not
> > > > support his family by trading but earned his living by writing and
> > selling
> > > > instructional courses... When [he] died...his estate...was valued
at
> > > > slightly over $100,000."
> > > >
> > > > neo
> > > >
> > > >
> > > >
> > >
> >
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