[darthtrader]

Honestly, I find little value in any discussion that is simply ripping apart an established trading tool without at least argueing as to why another technique is better. Anyone can take the position that markets are purely random and then argue against virtually any trading tool available. There is zero value in such a discussion though outside of academic nonsense.
We really should adopt a policy here against "niederhofferism" and "elitetraderism". I love Victor Niederhoffer's stuff but most his stuff is just ripping down techniques without giving a better tool to replace what was ripped down. While it makes for an interesting book/read, it makes for very pointless circular discussions on the web.