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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: queenleah who wrote (2035)3/19/2008 4:06:45 PM
From: Honey_Bee of 2121
 
Queen...I don't claim to have a crystal ball, so of course the market may end up in the mid-1600's (that Brinker has been predicting since last fall) by the end of this year.

I can almost guarantee that the market will reach that level at some point in the future. That fact does not change the fact that (and here was my original point) he has been a 100% RAGING BULL since last June when he declared the "secular-bear megatrend" had ended the year before.

Brinker was completely blind-sided by this "intermediate-term" correction and had been recommending "mid-1400's" as "ATTRACTIVE for purchase since last August (until he did away with it in January and issued a new one at "low-1300's" in February).

His predictions were wrong! And it matters not that at some point in time, he may become "right."

Do you doubt that there are people who, because of Brinker's advice, dumped windfall-lump-sums of money into the market at (up to) 1470, just to watch it drop to 1280 or so at the low?

Face it queen, Brinker sells a good story, but that is all it is. He's right on about 50% of his calls -- just like a COIN TOSS!


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