THREAD FULL!!! Bob_Brinker_Discussion_41,600 is CLOSED!!!!!: Re Dija wrong again - 2 CTRs, 2 Swings and 2 misses
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» Fred2000 - Re Dija wrong again - 2 CTRs, 2 Swings and 2 misses
In response to message posted by ACousins:"He does use support and resistance levels but thinks the rest of the squiggly lines are bunkum. However, he still talks about oversold this and divergences that and internal this and such so it's bizarre to say the least."
AC... I think Bob uses a few indicators to determine when an unfavorable period for stocks is approaching. From there on, he's a chartist who makes predictions like any other technical analyst.
Notice that he never really called a bear but just referred to his call as an asset reallocation. Once the bear was pretty evident, he called it a bear and began his CTR calls. Like many technical analysts, he was wrong. Excuse me, WE were wrong.
The idea that some model will indicate tops and bottoms of the market and CTR's is pure trash.
-- posted by Fred2000
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