[sourcery]

No. You are clueless though. Livermore timed the market. He killed himself.

You're failure to tell the whole story is intellectually dishonest.

For those who don't know: Mr. Livermore began to suffer from severe adversity in his personal life, enough to affect anyone's judgement and equilibrium. As a result, his judgement and sanity suffered, and he began to violate his own rules of successful speculation, and so lost money. However, his talents, when applied by someone who is able to dispassionately follow his rules, could easily have restored him to wealth. The reason he committed suicide is almost certainly due to the tragic events in his personal life, and not due to the failure of his finances.

[narses]

LOL, he died broke. You want to use his "market timing" strategies, you go ahead. He failed, as has everyone who has ever tried to imitate him. You want a strategy that works, try Ben Graham. Warren Buffet did. Before his senility over-rode his sense, he made a lot of money at it. And even senile, he's likely to die very rich. A trick Jesse failed at.

[aMorePerfectUnion]

S,

It should be added to your excellent post that Jesse was NOT a market timer. He was a stock speculator. Huge difference.

ampu