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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Kirk © who wrote (16775)9/24/2002 1:23:11 AM
From: Tim Bagwell  Read Replies (1) of 42834
 
Kirk,

My hunch is that Brinker's "model" essentially was triggered by the Fed monetary policy. The Fed tightening reached a point which Bob considered critically overdone.

How he arrived at the trigger point is his secret but apparently his other indicators did little to convince him of the impending bear.

His tentative posture of 65/35 and unwillingness to use the "bear" word, coupled with his CTR and other untimely buys all point to a conflicted markettimer. One who sees a bear in one indicator and bulls still in charge of the others. Maybe, in fact, Brinker became too immersed in data that was incoherent in summation.

But 11 straight Fed tightenings was something that he could hang a hat on.
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