“Of everything I read, Terry Laundry’s Magic T Theory made the most sense to me . . . Terry was an eccentric genius living out on Nantucket Island.  He was a fellow marine, a jug head, who’d graduated from MIT and was now using his considerable engineering skills to analyze the market.  Terry believed that the market spent the same amount of time going up as it did going down.  What it did prior to going up was a kind of prelude, a cash build up phase, when it was preparing itself, re energizing, getting ready to go back up. 

When you look at the letter T, there’s an equal distance on the left side and the right side of the T, hence, the Magic T Theory.  From the moment I saw it, I knew the Magic T was the key to my new methodology.  It went back to who I was as a person:  bilateral symmetry, Darwinism, evolution, the natural order of things.  I totally embraced it.  I worked fourteen hours a day, seven days a week.  On weekends, I’d draw trend lines and formulate opinions for the next week.  Every night, I’d review my charts, recalculate my averages, figure my inflection points, set my entry and exit prices.  With the Magic T, there was order in the universe . . . The Magic T and I became as one.  Data ebbed and flowed in the most primal way and I rose and fell with it instinctively, viscerally, like a mollusk in the sands of high finance.  I had my methodology.”

- Marty Schwartz, legendary trader and author of the “Pit Bull" at pages 23-24.