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

To: sea_biscuit who wrote (3174)	2/1/1998 3:40:00 PM
From: wooden ships	Respond to of 42834

Dipy: I also mused over that caller's seemingly valid point. If memory serves, Bob Brinker has called attention to the apparent triple bottom in the Japanese stock market, with special emphasis, on more than one occasion. His first reference, to recall it, was not accompanied by the disclaimer that technical market analysis is a worthless forecasting tool, akin to necromancy or astrology in predicting short range markets movements- which seems to be his formal viewpoint. On that first occasion, however, he did take pains to stress that the emplacement of a true and markedly bullish triple bottom in Japan was not self-evident; confirmation of the triple bottom would have to wait upon future market action. If there was a formal disclaimer of technical market analysis as a worth- less forecasting tool, I did not hear it. This begs the question, how much attention does Brinker pay to chart formations?