You are considering whether to buy a product. You look at the reviews. Would the following review decrease or increase the chances of you buying the product?
Review title: Please tell me this is not Welles Wilder of RSI and ADX
Product review: I read a copy a friend had of this nonsense.I was very disappointed to see it was Welles Wilder of RSI and ADX fame. There is an article in the book where he said he wrote his first book because he needed money (he lost money trading) that book covered RSI and ADX!I do think both ADX and RSI have some value. If you look at RSI is mimics Z-Score (very closely) so maybe Welles being an engineer saw that and made RSI a version of z-score. ADX is very similar to moving averages...back this review.If you look at the charts in the book he writes the wave numbers 1,2,3...and so on. Then some of the charts show 1, 1... then 10, 10. Why is there a wave 1 and wave 1 again? He does not say.He must have been smoking something really good when he bought the rights to publish this total work of trash. I hope no fools paid him 35k to join his group. What a joke.
