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

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To: Kirk © who wrote (23075)8/5/2006 1:50:49 AM
From: Math Junkie  Read Replies (1) of 42834
 
Two attempted trades in ten years is not much of a pattern. In regard to QQQQ, he claimed that it will never happen again, and it's been over five years since the last attempt. Of course, it's purely a subjective decision as to whether one wants to believe him when he says that, and I don't blame anyone for distrusting him.

UTEK doesn't really fit with what he was trying to do with QQQQ, because the market was going strong when the former showed up in his newsletter, the anticipated time frame was over a year compared to two to four months initially for QQQQ, it was limited to 4% of equity allocation as against up to 32.5% for QQQQ, and his model was bullish, whereas it was bearish (according to the August 2000 Marketimer) when the October 2000 countertrend rally was predicted. Seems like apples and oranges to me.
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