Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: BHaulman who wrote (1019)	7/25/1997 10:29:00 PM
From: Joe Basile	of 42834

B, you're saying Bob was wrong predicting new highs in the Nasdaq ?? Looks to me like new highs have been reached many times recently in that index. Actually, I thought he said (back in March)the rally could be led by the nasdaq, which it wasn't until the last month or so. Surely I'm missing something here. I wonder too, if you could explain what you mean by "today's market action was very convincing of a bull market" ?? I am interested in this question, because I thought the opposite. Here, durable goods orders were up 2.3% vs. estimates of 1.6% (don't quote me on those numbers but something close to that) and the market was basically flat. I would have expected some down-side on that news. This suggests to me that some foolish money is entering the market here. Hope I'm wrong. Anyways, have a great weekend, and be sure to catch Bob. I certainly will. Take care. Regards Joe

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