Thanks for the info. He must of been in his mid to late 70's at that time. I believe he started in trading back in the early 50's. He was a true believer in what his company taught. He was a pure, cycle, elliott wave, stochastics person. I am sure many stories, good and bad could be told about some of the traders from those earlier times.
----- Original Message ----- From: Jerry Gress To: [email protected] Sent: Saturday, January 03, 2009 9:03 PM Subject: RE: [amibroker] Re: COPYRIGHT Hello, In the late 90's I meant George Lane at a Technical conference in San Francisco, he stated that he was walking the streets of Chicago and heard this big noise went into the building and they were trading Chicken eggs. Got him hooked. Stochastic comes from a science fiction book title that looked into the future. What was more interesting is Mr. Lane at that time was charging thousands for private mentorship and a person at the same table that took his stuff indicated that there was a lot more in 'Stochastics' than at first look. Indicting double tops/bottoms. Jerry Gress Stockton, Ca. ------------------------------------------------------------------------------ From: [email protected] [mailto:[email protected]] On Behalf Of LB Sent: Tuesday, December 23, 2008 9:59 PM To: [email protected] Subject: Re: [amibroker] Re: COPYRIGHT The Stochastics oscilator-indicator has nothing to do with Stochastic or the word Stochastic that is used in all types of things and industries etc. And Stochastic should not be confused with stochastics oscilators-indicators used in technical analysis. It is unique to technical analysis. The indicator was made and being used a little. But it was not named stochastics at that time. Someone supposedly made up that name after reading the name on some label on something. Lane was said to be the one who smoothed it and used mainly the %D for trading. Lane started working for a company that taught Elliot Wave, Gann, and other types of trading. I believe the company was started by a Ralph Dystant or something similar. He called the teaching company Investment Educators. I believe Lane took controll of the company before Ralphs death. The indicator that is now known as Stochastics was not used very much untill another trader that took courses at Investment Educators learned it and talked to someone at computer trac. And it has been well known ever since. I believe it was called %D back then. You can probably do a search for the names: Ralph Dystant Rick Redmont Tim Slater And more than you what to read or know. The line everyone likes and dreams about is what George Lane often said. I was a gopher when I first went to Investmant Educators to work and now I own Investment Educators. ----- Original Message ----- From: ohneclue To: [email protected] Sent: Tuesday, December 23, 2008 9:33 AM Subject: Re: [amibroker] Re: COPYRIGHT Stochastics is basically a mathematical differential equation used in all kinds of industries to do all kinds of things. It is not unique to the TA in the stock market analysis. If Lane bought him out, that was the ethical thing to do. But I always see everyone saying George C Lane is the originator of the stochastsics used for TA of stocks rather than he worked for someone and bought him out. That could be true, I just don't see any reference to that when I Google him. But what do I know. Judith ---------------------------------------------------------------------------- From: MAVIRK <[email protected]> To: [email protected] Sent: Tuesday, December 23, 2008 12:13:15 AM Subject: Re: [amibroker] Re: COPYRIGHT And the problem keeps on getting compounded . From: LB Sent: Tuesday, December 23, 2008 5:17 AM To: amibro...@yahoogrou ps.com Subject: Re: [amibroker] Re: COPYRIGHT And of course Lane didn't come up with Stochastics. It was the man Lane was working for and Lane later bought him out. Lane I believe though was the one who smoothed the stochastics. ----- Original Message ----- From: MAVIRK To: amibro...@yahoogrou ps.com Sent: Sunday, December 21, 2008 11:42 PM Subject: Re: [amibroker] Re: COPYRIGHT Can one use Stoch's with Mr. Lanes' Sefault Setting? From: Barry Scarborough Sent: Monday, December 22, 2008 6:48 AM To: amibro...@yahoogrou ps.com Subject: [amibroker] Re: COPYRIGHT No, that is not correct. If someone publishes a formula and you optimize it and come up with different periods or apply it in a different way that is your work. Let me use an example to show the subtlety of this. Every car has an engine and transmission. Every different variation has a different patent. There may be only a small variation but you would not have to pry royalties on the new variation. You can do two things, publish it or patent it. Once you do either then the work you did is in the public domain and no one else can patent your work. Barry --- In amibro...@yahoogrou ps.com, Michel Guibert <michel...@. ..> wrote: > > > If I follow all the copyright , I can't do anything , everybody has done everything before me. > Many formulas were published in many books or review and you think there is copyright on them ??? > Personnaly when they are published in a review I consider them in the public domain. > > MG > > > > To: amibro...@.. .: ohnec...@... : Sun, 21 Dec 2008 12:05:28 - 0800Subject: Re: [amibroker] Re: COPYRIGHT > > > > > > Whenever you write something, you own the copyright to it such -- even these posts are the IP of the individual poster and they own the copyright to the contents. Yahoo does not own it, the group owner does not own it and in the Yahoo TOS, this is so stated. > > In another group that suffers from overt estrogen overloaded, 1 person wrote a guide, lifted whole posts of other members and put them in her guide (without credit or permission) that she sold and was called on it. The person who was charging for the information had to refund money and revise her guide to be strictly and exclusively her own words. That is an example of copyright violation. > > I use and quote George C Lane and his application of the stochastic formula all the time and it is NOT a violation of copyright because the settings are mine that I have played around with, I give credit where I have learned something from someone else such as David Elliott about stochastics settings, etc., and don't lift entire paragraphs or words in the same series as their works. These are not copyright violations. These come under the fair and free use concept. > > If I am discussing something from a trading book or manual that is copyrighted and put it into my own words even though it is not my original idea, that is not a violation of copyright. > > If I write a book or prepare a PP presentation and pass the work off as my own when it is based on someone else's work and the charts are THEIRS I lifted entirely, word for word or exactly the same indicator settings, other than my own stochastic settings I've developed, and sell it, that is a violation of copyright. > > The two elements are: passing stuff off as your own when you copied it from someone else and selling it as your own idea. > > Judith > > > > From: Barry Scarborough <razzba...@. ..>To: amibro...@.. .: Friday, December 19, 2008 10:32:28 PMSubject: [amibroker] Re: COPYRIGHT > > No. It appears there is a lot of confusion on copyright laws. A good discussion is at http://en.wikipedia .org/wiki/ Copyrights. OF course this isn't official but it is an easier read than the law books. People like Wilder published his works so others could benefit from his discoveries. What the copyright laws do is prevent someone from copying his work and selling it. But the intellectual property he disclosed is for our use. Why else would he publish it?Barry--- In amibro...@yahoogrou ps.com, "binjobingo" <binjobingo@ ...> wrote:>> Does referring to Wilder's Relative strength Indicator,or Lane's> Stochastics, or Chande's Vidya & so on lead to copyright violation?> > Say one reads An Author's book & am not able to write AFL for the> Indicators & so ask the forum members to write it for me Is it> copyright violation?> > If one give a link to the Website say some other website which> explains the parameters & use of the said "indicator" but the website> may not be owned by the Author himself does it lead to copyright> violation ?> > If it is so I think all the forums would close down & nobody would> discuss their trading strategy since trading strategies use some> Indicator by some author.> > > > > > > > ____________ _________ _________ _________ _________ _________ _ > Drag n' drop-Get easy photo sharing with Windows LiveT Photos. > http://www.microsof t.com/windows/ windowslive/ photos.aspx >
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