Hi Exterminator
I am not sure that what I am about to do is a good idea, but here goes.
I was taught the original Market Matrix method some time back. This was in June last year. It was taught by Steve Copan and lasted a full day. It taught the method of Delta and the extension of this work, which Steve called NEXUS. The seminar cost me £3200. It was good day BUT it was too compact. There was simply too much information to digest in such a short space of time. Furthermore the seminar was 10 hours long and it was difficult to give 100% attention to material taught at 8pm, 10 hours after we started.
A couple of guys at the seminar including myself suggested it might be a good idea to put the material down on a disc. This was later done, and it is available as the Market Matrix.
The Market Matrix is an awesome piece of work. It might be expensive in absolute terms, but there is no deducting from the content. The CDs were finished in the first days of November 2004. In the final CD Copan looks forward to the months ahead in the SP500, and he shows the viewer how he arrives at the 3rd of January 2005 as the high in the SP500 cash index at a price of 1118. It is a true testiment to the value of the Market Matrix, and it is done 2 months ahead of the actual day.
Here is the flipside. There will always be people who are cynical at financial promotions or seminars. Have I not been HIGHLY cynical at Darren Winter's seminars? Yes, I have. Yet there may be many who liked the seminars he did.
The Market Matrix is NOT an easy method to come to grips with. I "promote" the method but I do NOT receive money from it. I don't take money and I simply send people directly to Copan himself. I have had people emailing me and phoning me about the Market Matrix. I try to tell as much as I can and explain what it is and what it is not. I have had a handful of people who had no experience in trading whom I told that they would waste their money by buying the Matrix because they had too little general experience. I put it on my site because I received the Matrix very cheap. In all fairness I did pay the full amount for the original course and I know those who attended have all received an offer of getting the Matrix cheaper than the offer price at £2000.
So it might be a good idea to talk about what the Matrix is. The best way I can describe the content of the CDs is as follows:
The general theme of the 3 CDs is is to teach the viewer how to calculate turning points in the market, whichever market that may be. It could be in stocks, commodities, currencies or indices. The method makes use of Welles Wilders Delta points as the foundation. The Market Matrix is however all about one thing and one thing only: TIME. It is designed to teach the user how you use time as the most important tool in your trading decisions. Calculating price targets actually comes second to time. This is not a new theme. Gann made the same assumption. I have lost count the amount of times Copan has said to me "Time is the most important tool".
The foundation that is used in the Matrix are Fibonacci numbers, extensions of Fibonacci, and ratios of Fibonacci. It is used in conjunction with Delta turning points and the aim of course is to pinpoint turns in the markets. The Matrix can be used for intra-day trading, swing trading and longer term position trading. In my experience the hardest bit to master is the intra-day trading, while trading over a couple of days is "much easier". I put this in brackets because I would never tell anyone at any time that the Market Matrix was an easy method to get your head around.
I hope this has answered a few of the things floating around. As I said in the beginning of the post, it might have been a bad idea to do this, as it often means you are opening a can of worms. I only heard about this thread because someone was kind enough to tell me my name had been mentioned. If you have any questions regarding the MM, you are welcome to email me on
[email protected]
Regards
Tom
