I first became interested in mass psychology when observing the pack buying gold in the early ‘70s. As soon as they became widely interested in the purchase of gold, it hit the headlines and gold proceeded to fall over $100 an ounce. This proved to me that the masses were quite often wrong, and speared my interest in cycles. I wanted to understand exactly what determined price change in a cyclical pattern.
I left New Zealand in 1978 to travel the world, but only got as far as Australia. One of my first jobs was to work at my trade in the mines as a mechanical fitter in Western Australia. After a couple of years in W.A., I moved to Queensland and left my field of engineering for a future in marketing. Having only passed three subjects in school, they became the three most important subjects in my life. Those subjects are Engineering Workshop, Mathematics, and Technical Drawing. I was amazed later on in life that the Mathematics and Technical Drawing are the only subjects I use in my field today. This proved to me that the cause was in place before the effect even took place. This is exactly how markets work. In the 1980’s I became a broker for an Asian company and began to study charting in depth. In 1985 and 1986, I decided to study markets on a full-time basis. Since 1983 I have been researching, trading and investing using the methods of W.D.Gann.
Not having much money, I lived on a food bill of only $3 per week eating steamed vegetables. In 1987, I got a job with a cotton company advising growers on hedging their crops using futures and options. After teaching the growers how to earn more income from hedging, a number of them asked me to open my own consulting firm. In March 1990, Commodity Hedging Company was formed to advise farmers on risk management.
This gave me more time to chart and study the methods of W.D. Gann, as well as the necessary time to formulate my own theories. That time has proven invaluable in studying my client base and understanding how they react to certain market conditions. All of my clients are different and I have learned the way each one thinks in response to the market.
I used the information in this course to publicly forecast the 20-year high in coffee in 1994, and the 130-year high in cotton in 1995, the 737-year high in wheat in 1996, and many other predictions.