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

To: Tim Bagwell who wrote (12643)	3/2/2001 12:46:34 AM
From: Math Junkie	Read Replies (1) \| Respond to of 42834

With ORCL, SBC, and NVLS warning, it seems like the S&P may be due for more probing of its lows tomorrow. 8( biz.yahoo.com Message 15435804

To: Tim Bagwell who wrote (12643)	3/2/2001 6:45:22 PM
From: Rillinois	Respond to of 42834

Tim Bagwell, Re: I suspect there are many traders that follow Bob and do well. Why do you suspect this? What evidence do you have to support this claim? A suspicion on your part hardly carries any weight to the accuracy of your claim. Re: But I do think that Bob's overall market view is valuable in establishing what the major market trend is. And every trader must know what kind of market he's dealing in, bear or bull. Are you some sort of novice trader? What trader needs to know what Bob Brinker thinks might happen over the next 12 - 24 months? Are you trading multi-year cycles? How has Bob's view that you should buy QQQ immediately in mid-October helped a single trader? How did CTR1 help? Re: Well, exogenous events aren't that frequent and they usually have a short term effect. They happen all the time and if you believe they have a short term effect then why does Bob and others still use this as an excuse as to the failure of CTR2? It's been 4 1/2 months. Re: There is no way to plan for them. No s***. That's why they're exogenous events. Re: You can only react to them as they occur or just simply wait it out. True. Good traders react. Radio personalities wait it out because they don't know how to limit losses. Re: But I can only guess that he refuses to issue a sell order on weakness. First, he sold on weakness during CTR1 after having always taught his listeners not too. Second, there have been numerous opportunities to sell on strength since mid-October. Re: Your argument ignores the fact that Bob correctly targeted the range of CTR1. That's because Bob ignored his original target. He raised the target in a sense. He got greedy. He advised his listeners to wait for him to tell them when to exit the trade. Re: So, you had all the information you needed to execute a better trade and some people did. I did not take Bob's advice, but those that did were advised to listen to Bob not to act on their own. If you acted on your own that is to your credit only. Re: If that trade bombed, it was because of a lack of trading ability. Agreed. Re: People just blindly went and entered stop loss orders without any clue. This is true, and that is why I try to expose the facts about Bob and his record. If more people knew the truth less would act blindly. Of course, it doesn't help when Bob and his clan perpetuate the myth. They just move on to the next batch of unsuspecting listeners. Re: I don't think anyone trading this market should expect Bob to hold their hands all the time. Why not? If you pay someone to hold your hand, shouldn't you expect that person to hold your hand. Best Regards. Rillinois