[Sledge]

	Quote:	DbPhoenix
	I'm glad that you're happy with your results. However, I continue to be interested in the logic of your position, i.e., the position of an ordinary, part-time, retail trader as opposed to the author of the book. For example, if professional money is the herd, and the objective of VSA is to follow the activities of the professional money, does it not follow that by following the activities of the professional money one is following the activities of the herd? On the other hand, if "professional money" is defined as specialists, is one to assume that the majority of specialists are all doing the same thing in the same way at the same time? Or is it possible that there's some other more reasonable explanation of which specialists and market-makers play only a small role, or at least no larger than anyone else?

You know, I don't have an answer for you. Maybe you can call Tom Williams personally and ask him what the answer is. Talk to Seb, maybe for a consulting fee- Tom can give you the enlightenment you seek.