|  MAY 1988

Letters To S&C

Letters To S&C I like your magazine, but... Editor, I like your magazine, but: month after month; graphs are misplaced, or mislabeled; formulas are not clearly explained; misprints occur.... With so much time between issues, I think you should do better at being explicit; being correct. KEITH JOHNSTON Milwaukee, WI Actually, it's pretty frantic getting this out each month. We clearly need to move deadlines up a week or so just to proofread the graphics! - Ed. Trading system reviews Editor, I was disappointed to read in your editorial regarding trading system reviews that because of the flak received, you are discontinuing the publishing of these reviews. Just because some systems (like JC) are mostly smoke and mirrors and contain misleading advertising (in my opinion) it doesn't mean that you should not review them. On the contrary, you do the rest of us a service by bringing them into the open, even though what looks good on the cover turns out to be mush on the inside after a couple months of real-time trading. I, too, bought the JC programs. The DM worked fine in real-time trading from May-July 1987. Then it got on the wrong side of the market until the end of the year. As you wrote, the updated disks ""fixed"" the past data and continued merrily onward on the wrong side, selling more currency contracts short as the market made record new highs. At one time the JY had over $40,000 drawdown which turned into a $65,000 profit on the next update. You'd think that any good program would recognize the trend eventually and get with it. I would like to suggest you continue your excellent reviews and follow up with an update after a couple of months. S&C has really come to life in the last year or so. It's a first-class publication and gets better every month. Please don't disappoint us by omitting the trading system reviews. C. WAYNE SCHULER Vancouver, WA

by Technical Analysis, Inc.