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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: wooden ships who started this subject8/29/2001 6:39:28 PM
From: geode00   of 42834
 
FWIW, Dwyer on RM:

There has been a lot of commentary on longer-term indicators such as the 10-day ARMS index, and how it worked in predicting the late March/early April lows. When you look back, it was a great call, but it took time to work. Most long-term indicators that I have been using (including the 10-day ARMS) and the ones often quoted in the media are totally taken out of context as being trading calls. They are not. You can’t look at a monthly indicator and say what the next day or even week may be like. My friend Dick Arms put out the bullish call on March 22, and the market didn’t make a closing low until April 4. It was still a great call.

The tech news just keeps getting slipperier and slipperier. OK, that's not a word but it does look like techs are trying to crawl up a steel incline greased with bacon fat.
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