|  DEC 1986

Letters to S&C by Technical Analysis, Inc.

Letters to S&C by Technical Analysis, Inc. No Tar Brush Editor, I want to congratulate you on the recent improvement of your magazine. It is developing into a valuable resource for technical analysts. Your magazine's October 1986 issues carried a broadside at systems vendors (I sell no systems and have no personal interest in this matter). I object to the flippant comments (""junk mail"", ""peddling"", etc.) indiscriminately applied to a list of systems developers that included Vilar Kelly. Mr. Kelly is a man of knowledge and integrity. After having been a cryptoanalyst in the military and a successful career in the computer industry, he brought his expertise and integrity to the futures markets. He developed a following for his Kelly Hotline by giving people free access to it initially. They benefited from it and chose to pay for continued access to the Kelly Hotline. (The) Futures industry does have its share of cranks, whose ridiculous claims pollute the pages. But we need to be careful not to paint whole segments of the industry with a tar brush. Let us separate the good from the bad—and treat the good with the respect they deserve. Sincerely, ALEXANDER ELDER -New York, NY

by Technical Analysis, Inc.