We are fortunate in that some of those who are already familiar with facets of Ermanometry have volunteered their thoughts for inclusion on this site. Among these people are the former Director of The Foundation For The Study Of Cycles, several research directors for large firms, several successful CTAs, a very successful individual trader, the publisher of the CycleTrend newsletter, and the EasyLanguage columnist for Omega Research.

We thank them for their kind words and enthusiasm about Ermanometry, and believe that you will find their commentary very enlightening.

Commentaries are included below from:

Ernie P. Quigley, Editor, Centre for the Study of Recurring Cycles / Harmonic Timing

January 26, 1999

Mr. William Erman,

It is my belief that markets grow and decay in specific mathematical relationships. Having that belief system, I eagerly read your recent article in Stocks and Commodities magazine. I would like to commend you for doing an outstanding job of explaining some of the intricacies of a log spiral. Your article is a clear representation of how to calculate how the spiral grows.

I have been working through all the examples that you give and find it a little short of "incredible" how accurate the time counts are. In doing the calculations I find that the math necessary is minimal and for one who is over 55 years of age, that is a blessing.

I look forward to your book and additional articles in Stocks and Commodities.

Sincerely,

Ernie P. Quigley

Harmonic Timing

http://www.harmonictiming.com

Peter Borish, President, Computer Trading Corporation

I am proud to have been one of the very first people to support Bill Erman's work when I was Director of Research at the Tudor Group. I have witnessed his work evolve into an entirely new and powerful science of market analysis. I believe Bill's contributions to the field will have a lasting impact and open the eyes of those who believe market movements are completely random.

Peter Borish, President

Computer Trading Corporation, New York

Jeffrey Horovitz, M.D., Ponte Vedra Beach, Florida

During my psychiatric residency I observed evidence of cyclical phenomena that influenced the behavior patterns of my patients. The recurrent influences were nothing as simple as the phases of the moon, often associated with "lunacy", but were much more subtle and dynamic.

My interest and research into these phenomena were such that I took a sabbatical from my medical practice and was appointed Director of The Foundation For The Study Of Cycles, the oldest non-profit organization devoted solely to the investigation of all types of repetitive patterns, regardless of origin.

While working with the Foundation, I became acquainted with William Erman's studies. As I became more familiar with his methods, I recognized the power of his unique perspectives on quantifying time in a multi-dimensional universe. I believe that Ermanometry will not only prove that there is perfect order in the markets, but that the markets are merely a window through which we can observe heretofore undiscovered principles of natural law.

These principles will have ramifications far beyond the world of commerce and I am excited by the prospect of applying them to a wide range of scientific endeavors.

Jeffrey H. Horovitz, M.D.,

Ponte Vedra Beach, FL.

Sam Donaldson, Director of Research, American Research & Trading

Experience in our day to day trading and research has proven to me that Ermanometry is an invaluable tool. The basic principles of Bill Erman's work were first uncovered in the silver and soybean markets. I was a bit concerned that the impressive accuracy of his methods, when used to analyze a single commodity, would be difficult to duplicate when the work as applied to a "basket" of contracts, such as an index with 30-500 individual stocks. The fact that Ermanometry has proven equally powerful with both individual commodities and indices is further proof of the commonality of markets and the universal principles that comprise the body of his work. Any serious trader who does not investigate and benefit from this cutting edge approach will be at a serious disadvantage.

Sam Donaldson

Director of Research

American Research & Trading, Roswell, GA

John F. Cody, Vice President, Haberer Registered Investment Advisors

Jack Cody was a practicing professional engineer prior to devoting full time to technical analysis of the markets. He is currently vice president of a major Midwest money management firm.

"I have been an ardent student of R. N. Elliott's work and an avid practitioner of wave theory for many years. I have also spent a great deal of time studying W. D. Gann's methods. From my perspective, Bill Erman's achievements surpass those of even these past masters. Perhaps this has been made possible because of the availability of computers which enables Ermanometry to project with an astounding degree of accuracy. For me, one of the most exciting aspects of Ermanometry is that Bill Erman is "alive and well" . We don't have to rely on remnants of old writings or high priests to interpret his work for us."

John F. Cody, Vice President

Technical Analysis,

Haberer Registered Investment Advisors Inc., Cincinnati, OH

http://www.haberer.com

http://stocktrends.homestead.com

Jim Tillman, Publisher, Cycletrend

We have published a technical market letter for over 28 years, during which time we have studied and used many of the classical methodologies, but our greatest success has come from the study of stock market cycles. It was with great interest that I met Bill Erman over ten years ago, when he shared a small part of his unique approach to analyzing market movements. Since that time his work has progressed into what might be called an entirely new field of cyclical analysis. Ermanometry is most definitely original and cutting edge. Viewing the market as spherical, his is the first method that we know of that can project turning points, for moves that span many years, to the precise day. His work is mind expanding and a very worthwhile method to explore and learn.

Jim Tillman

Publisher, Cycletrend

William Brower, Publisher of TS Express

Ermanometry presents a complete departure from any other method that I have seen. What sets it apart is the multidimensional perspective it provides and that it uses individual days to measure and project market turning points. It works for both short and long term analysis. It is like measuring the distance form New York to L.A. in feet instead of miles. The relationships of the days between the market turning points are simply stunning. Clearly the body of work behind his revelations represent a huge body of work that has taken a lifetime of devotion to discover. There is simply no way that this vast architecture underlying the markets is purely coincidental. I enthusiastically recommend that all serious traders learn about this amazing work.

William Brower

Publisher of TS Express

Email: 1000mileman@mindspring.com

Web: http://www.insideedgesystems.com

William Brower, CTA is a TradeStation expert and publishes TS Express, the "Journal for Informed Users of TradeStation", He has spent the last 6 years programming, developing and testing systems. Omega Research chose him to be their EasyLanguage columnist and Contributing Editor for their quarterly Journal. He is a regular speaker at the OmegaWorld conferences and has appeared on CNBC with John Murphy. He has written articles for both TASC and Futures magazines. He has a degree in electrical engineering and MBA in Finance.

Kyle Yu, M.D., San Jose, California

I have been a student of the stock market since 1980 and have not only witnessed a great deal of dramatic market action (e.g. the major low of 1982, the "crash" of 1987, and the current stock market mania as the Dow heads towards 10,000) but have also studied many different ways of evaluating the markets, from technical to fundamental analysis to trading system optimization.

I have also followed the predictions of many market analysts over the years, including the market "gurus" who have come and gone. For these reasons, I consider myself an experienced and somewhat knowledgeable non-professional market participant.

Several months ago, I had the good fortune of coming across Mr. Erman's work in a pre-publication draft of his upcoming book (Ermanometry), and although by now, I have become "jaded" and fundamentally skeptical about most so-called market "experts," I was immediately captivated by this man's ideas after just a few short pages.

Of all the occasional good ideas that I have ever come across, only Mr. Erman's comes remotely close to what I would consider market "truth." Successful market decision-making demands the highest level of precision, and no other methodology that I have ever come across comes close to the precision that Ermanometry aims for and achieves.

I have never seen anyone attack the market "riddle" with as much rigor, energy, innovation, and success as Mr. Erman. When it comes to the markets, I am very demanding, and I rarely give any so-called market "expert" more than 1 or 2 chances to deliver on their promises. Mr. Erman delivered on his first try.

Among his predictions that I saw come to pass was the recent major market low of 9/1/98. I would guess that you have never heard of Ermanometry before - I certainly didn't until just recently. That is because Mr. Erman has given the benefit of his work only to professional money managers in the past.

Fortunately for us non-professionals, Mr. Erman is a true student of the markets who has chosen to share what he has discovered of market "truth" with all who are interested. Mr. Erman's ideas are not simple or simplistic, nor should any truly scholarly work be. I have been around long enough to know that nobody can or will deliver the "goose that laid the golden egg" to your doorstep. You have to make your own decisions to be successful, and a strict money management approach is mandatory, but you also need the right tools, and if you take the time and energy to understand Ermanometry, you will soon discover that it is a tool you cannot do without. As for me, I am planning to hang onto Mr. Erman's coattails.

Good trading,

Kyle Yu, M.D., San Jose, California

E-Mail: kyleyu@itsa.ucsf.edu