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

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To: Investor2 who wrote (7577)9/4/1998 6:11:00 PM
From: Rillinois  Read Replies (1) of 42834
 
I2, your criteria for evaluating a market guru is quite harsh. So far, it appears that Mr. Flip-Flop got it about half-right. He missed the first 900 points of the correction (i.e., from 9300 to 8400) and caught the second 900 points (from 8400 to 7500). Not bad, but not exactly great either.

Well, if you think Mr. Flip-Flop is half-right, what do you think about a market guru that has been 100% wrong (ie. from 9300 to 7500)?

Of course, we won't know his performance for sure until he signals that it is time to get back into the market; we'll see how high (or low) the market is then.

This is absolutely correct. I'll give Acampora credit for being right about his 15%-20% correction forecast, but if he gets back in at higher levels, it was a worthless call IMO.

Best Regards.

Rillinois
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