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

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To: queenleah who wrote (23022)8/3/2006 9:24:45 PM
From: fahrenheit451  Read Replies (2) of 42834
 
Queen

One of the problems I see with timing models and technical analysis is that they can not predict unforeseen events. Whatever Brinker used to decide there would be a countertrend rally could not have foreseen what was about to transpire in the November 2000 presidential election. Louie Navellier claims that it caused foreign investors to engage in massive selling of US equities. This put massive downward pressure on the market. I wonder if any successful hedge fund managers were looking to make money in a countertrend rally at that point in time. I would suspect that most of them would be waiting for such a rally and then short into it.
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