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My name is Steve Carpenter. I live and trade in a suburb of Washington, D. C. I have traded, studied and been fascinated by the markets for more than twenty years. During that time, I have subscribed to and read many, many stock market letters; I have read many, many books and articles about the markets; I have attended seminars all over the country. And I have spent many thousands of dollars on my education, including the many thousands I lost the first few years I traded. In fact, I lost enough of my money that I had to stop trading long enough to save up enough money to start over again. Needless to say, I think I have paid my dues to the market.
It was after the second time I got wiped out that I started studying the legendary trader W. D. Gann. I became fascinated with charts and with technical analysis. I read all about cycles, and I became fascinated with geometric figures–squares, circles, triangles and rectangles. If Gann thought time was the most important factor in predicting the market, then I was going to learn how to use time to my advantage. I reasoned that time is almost mystical, in a way: You can’t touch it or see it, but you definitely can see its effects.