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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 340.87+0.5%Jan 22 4:00 PM EST
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To: Boca_PETE who wrote (48)7/5/2000 9:40:15 AM
From: KurtSS  Read Replies (2) of 10065
 
Pete,

First, I agree totally with your last post on the now dead thread. A good way to close it out. I predict that without Justa, Wally, I2, etc. we will see a steady decline in activity in the weeks ahead.

Regarding Bob's approach to the short term QQQ trade, I'm thinking he will look closely at "market internals", much like when he predicted the possibility of this trade and then executed it, several weeks ago. Prompted by his discussion of these internals (and, as Justa pointed out, the "clinic" that he conducted on his show), I've done some investigating into TA. TA has always struck me as voodoo, and much better at describing what just occurred vs. what will happen. I think Bob has basically said as much.

However, Bob clearly uses some elements of TA. The following link is the best explanation I've seen regarding identification of topping and bottoming action. You'll note some overlapping terminology with what Bob has discussed.

home.talkcity.com

Where Bob goes beyond this TA discussion however, is how he was able to predict that the QQQ buying opportunity might be setting up. Identifying it is tough enough, but he actually could see that it might be developing. Pretty amazing.

KurtSS
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