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

To: queenleah who wrote (23033)	8/4/2006 8:40:43 AM
From: fahrenheit451	Read Replies (4) \| Respond to of 42834

Queen >>>True. Can any model predict unforeseen events? No, and that is the point I was trying to make to people who put faith in models. >>True. Did anyone else profess a theory or strategy that would have foreseen it? No you can't foresee the unforeseen. >>Louie Navellier claims that it caused foreign investors to engage in massive selling of US equities. This put massive downward pressure on the market. Sounds reasonable to me. Hindsight is 20/20. Now you are getting to the major issue. I would expect a professional trader to see what was happening in the market as a result of the election problem and realize that his initial analysis had been overtaken by this unforeseen event and close out the trade to cut his losses. Brinker should have reached this conclusion some at time in the 30 day period following election day. The thing I find interesting is that some of his subscribers did just that while he acted like a deer caught in the headlights.