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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Chris J. Horne who wrote (10809)	11/20/2000 7:51:36 PM
From: Math Junkie	Read Replies (3) \| Respond to of 42834

One thing which I find useful in thinking about all this is to recognize that there are really various parts or categories of Bob's work. There is the long term market timing or outlook, i.e., bullish or bearish, there is his recommended strategy for how investors might act on that outlook, and more recently, he has added some attempts at shorter term trading outlook and strategies. Of these categories, most important by far is the long term market outlook. That is such a crucial issue that if he gets that right, I am willing to forgive much. Now with regard to the short term timing advice, contrary to the theories of some that Brinker subscribers have all been turned into some kind of mindless zombie, nothing in Brinker's teaching requires me to foreswear critical thought. So I looked at the bulletin, which I received on the Monday following publication, after market close, and I looked at the fact that the market had gone up somewhat, and decided to (horror of horrors!) engage in some independent thought. Contrary to the writings of some, Brinker's writings and broadcasts encourage this by discussing the principles and reasoning involved in his opinions. So I didn't just take that bulletin as an isolated sheet of paper. I considered it together with Brinker's frequent and consistent advice not to buy strength and sell weakness, I looked at my tolerance for risk, I looked at the then current price relative to where he thought it would go, and I decided to wait and see if the market would come back down to a better price. When I saw a price that I considered acceptable, I made my purchase. Now, I'm not saying that evaluations based on a mechanical adherence to every detail of his published strategies don't have their place. I'm just saying that's not the only way to make use of his work, and may not be the best way to do so.