![]() Over the next year-and-a-half, Ira delved exhaustively into the world of trading systems, reading every book he could find on Elliott Wave Theory, Gann Angles, Pyrapoint, Fibonaccis, oscillators, stochastics - even astrology. ![]() However, when interest rates began to decline from those cyclical peaks, Ira realized he would need a foolproof trading strategy to live well off his savings without having to dip into principal. When he retired as a pit trader in the late 1980s, he shifted his nest egg mostly into bonds, which at the time were providing annualized returns approaching 10 percent. Hurst, a pioneer in the field of technical analysis, to make a very good living on the options floor. At the time, Ira was using the cycles work of J.M. I first learned about this amazingly precise method of analysis from a floor trader on the Pacific Stock Exchange named Ira Tunik. It is also by far the simplest, requiring little more than junior high school math to do the necessary calculations. The options trading method I use to forecast swing points and trends is the most accurate and powerful I’ve discovered in 30 years of trading.
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