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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (27789)	8/16/2000 8:44:48 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

hey there! Brogan is a good technician: he has a big following and he's good. He is not betting on the fed raising rates. In fact, he is betting the bond market will raise rates. He's got it right: the fed is a follower, not a leader. Keep your eye on the bonds. If they go up, stocks are toast. Brogan is at radiowallstreet.com KIP, often on this thread, knows Brogan. KIP-- chime in here. Tomorrow I leave with my son and his pal for Legoland. We take the red eye home from LAX on Sunday.

To: drsvelte who wrote (27789)	8/17/2000 8:44:21 AM
From: Kip518	Respond to of 42787

Dennis, who is Brogan? drsvelt, at dmp's request, I will chime in here. Bob Brogan is a technical analysis with Fahnestock. He writes a market letter called "Signal Report," which is distributed to an institutional clientele every day. He has been in the business many years. Earlier, he was a partner with Mark Chaiken and one of the developers of instinet. Every Wednesday at 1:00 ET (archived for later play as well) he has a call-in audio show on RWS (http://www.radiowallstreet.com) with follow-along charts giving his take on the markets usually with a few buy/sell/short recs on specific stocks & indexes. The recommendations are based on a proprietary money-flow measures & the price of a stock within its bowmar bands (not a chart-reader -- no candlesticks, flags, head-n-shoulders, etc. talk). Recommendations are for trades, not longer-term holdings. He does not bottom-fish but always plays momentum. Bob is a pure wave technician. Hence, he is not particularly interested in fundamentals and is always a little flumoxed when the show host (a RSW person) or a caller, unsatisfied explanations based on Eliot waves, momentum measures & bowmar band targets, still asks "but why?" -- e.g. "Bob, how can you say interest rates are going to go up when there is no inflation in the market and everybody knows the fed is through?" -- his answer is to point to the peak in the utility index, as established by 5th wave top and the previous examples of that top being followed by a dramatic rise in interest rates... Those looking for CNBC-type one-line comforting assurances are frustrated. His time-horizon is always short (45 days at most) and he speaks with great certainty, albeit often hedged with "in my humble opinion." In that, there is a great deal of satisfaction for listeners looking for day-to-day guidance. However, he is also quick to revise his opinions and turn on-a-dime when there is a change in his measures. This is done without apology, and, in that, there is some dissatisfaction as slavish followers get whipsawed in whipsawing markets. Given that his show is only once-a-week, the RWS "community boards" have become the place where these changes are announced...to the consternation or gratitude of his adoring fans. While Brogan tries to catch the twists & turns in the markets, he has been unremittingly bearish since last November. He believes that we are in a serious bear market and does not yet see the end of it (of course, remember he's only looking out 45 days!). The "rap" on Brogan is that he is often early in his market calls but nearly always right. Recently, he has called a peak in the dollar and electric utilities, counter-trend rallies in the SOX & NAZ, and a short-term top in oil & gas. Obviously, I think he is worth a listen and the price is right (free). If you listen only to Bob Brogan, Don Sew, and Lee, you've got everything you need. <g>