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Date: Sat, 11 Oct 1997 11:24:50 -0400
From: "Harry J. Kobetitsch" <kobet@xxxxxxxxxxxxx>
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To: bdoeden@xxxxxxxxxxxx
Subject: Re: John Murphy
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Robert Doeden wrote:
> This guy is the worst analyst around. He is great about showing a
> move after
> it takes place but as for forecasting moves before they take place
> he's a
> loser. The last actual forecast he made (a couple of weeks ago) that
> I
> remember was for the dollar to hold at 97.25. It is now 96.64. I
> admit I now
> miss most of his comments. I turn the sound off when he comes on.
> I've watched
> him for years and he is a waste of time. Dan Dorfman made me more
> money than
> Murphy. I was getting rich fading Dorfman.. My income has been
> severely cut
> since they took him off. :-)
>
> CNBC also had John Bollinger (of Bollinger bands fame) who came to
> them in the
> merger with FNN. Either they let Bollinger go shortly after the
> merger or he
> wanted to stay in California where FNN was located. I never heard.
> Anyway,
> now Bollinger comes on CNBC once a week for a couple of minutes I
> think on
> Tuesdays sometime between 14:30 and 15:00 Chicago time. I get more
> good out of
> Bollinger's 2 minutes a week than all of Murphy's time that week.
>
> Frankly, I don't know what Murphy is still doing on CNBC. He ain't
> pretty and
> they usually only have pretty people on that channel that spout
> nonsense.
> Come to think of it that is what he spouts so maybe they overlook the
> pretty
> part.
>
> I sure miss FNN. I'll trade 4 CNBC'S for 1 FNN.
>
I can agree with you for the most part about CNN as a whole. They seem
to have
mannequinns pretending to be Wall Street experts. Even the guys look
pretty. Anyway,
I disagree about the comments about Murphy. I have read "The Visual
Investor" and
the "Technical Analysis of Futures Markets". These book have helped me
immensly.
There are other books about technical analysis that may be better but I
like John's
reasoning behind most of the indicators. His appearance on CNBC is very
valuable
to me. I don't always agree with his reports. However, I have done
pretty well with
his advice. And as far as Danny Dorfman, did'nt he get nailed for
illegal activities?
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