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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 (16742)	9/17/2002 10:58:21 PM
From: lifeisgood	Read Replies (1) \| Respond to of 42834

If you have followed Bob at all, you know he would never recommend selling anything into weakness. Like his call of January, 2000, he always sells on strength. So...I have to question your statement "You'd think..." Only if you aren't familiar with Bob, would "you think" that. Apparently you were AWOL when BB called a sell on his first counter trend QQQ buy when, indeed, he made a huge amateurish mistake and was shaken out of a profitable position when he sold on weakness. It's possible that this huge blunder caused him to "batton down the hatches" on his subsequent QQQ blunder when selling into weakness would have been the prudent thing to do. best... LIG

To: Chris J. Horne who wrote (16742)	9/18/2002 12:05:08 PM
From: Tim Bagwell	Read Replies (3) \| Respond to of 42834

Chris, I know Bob's view on selling into weakness and I used to subscribe to it. That is, until I saw the utter fallacy of that line of reasoning. I have to wonder if Bob has any idea how wrong he is? Couple with that the fact that he knew this was a bear market and a little thinking ahead would suggest to even the most novice trader, that the probabilities favored a lower market eventually. A little thinking on Bob's part would have given his trading followers a chance to lessen their enormous losses. Add to this the additional fact that Bob has admitted -- much too late -- that he was wrong. That means he holds a trade based on bad information. Why would anyone hold a trade that they know, with certainty, was wrong, is wrong and will always be wrong? A seasoned trader would have exited this trade long ago and would be that much farther ahead of the game now. The rule that you don't sell at all into any weakness, only leads you all the way to the bottom in a bear market. In other words, it's a fools game. And the funny thing is that I have proof. What proof does Bob offer that his strategy is correct? None. He can't even bring himself to talk about it.