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

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To: Math Junkie who wrote (16932)10/23/2002 10:19:07 AM
From: Kirk ©  Read Replies (2) of 42834
 
Good points.

Unfortunately, any or all of those strategies could fail, because NONE of his advice has any track record of calling cyclical trends, as he is now hoping to do.

That is not true. He has a track record of calling counter trend rallies, but it is not good.

I have a compiled listing of his record in HTML that I can put up over at Suite101 if you request it there. It shows:

#1 that he rode the 1987 bear market down then went to 100% cash in 1988 about 10% above the very bottom but maybe 30% below where the market was when he got back to fully invested.

#2 that he missed the cyclical gulf war bear

#3 that he missed getting out and back in for the 1998 cyclical bear

So I felt I have CONCLUSIVE PROOF that his model does not work for calling cyclical bears during a secular bull.

What is left?

What you find is the longer time you give him, the more things you find his model can't do. About he ONLY thing left is to call cyclical bulls in a secular bear (because we had not had one yet for him to bungle?

I have him missing a cyclical bull already that started in Sept 01 and finished in early '02. What he does is pooh-pooh's those "that called a bottom" too early but many of us "who called a bottom" were able to increase our stock positions after the 9/11 induced bottom and then we sold some early this year after a nice run... just what he claims his model can do... take advantage of cyclical bulls during a secular bear.

Oh for two in my book if you count his failed QQQ attempt. He called one that wasn't and he didn't call one that was.

So.. what he did next was change the time frame for what he is looking for to NOT include cyclical bulls of duration less than one year.

Almost anyone without ego invested in the guy being right can see it is more of a circus act akin to mind readers or fortune tellers. Amazing that thinking adults with a college education think otherwise.... simply amazing.

Kirk out
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