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 (1221)	8/17/1997 10:19:00 PM
From: Investor2	of 42834

RE: "I feel if the market doesn't get to the low 7,000's and bops back up to new highs, then it is still in a up trend and I will raise more cash." On Friday, I stated on this thread that I will consider it to be a "Gift Pony Buying Opportunity" if the DJIA trades below 7600 on Monday, unless Bob says something to pursuade me otherwise on the show this weekend. Well, he did. He correctly noted that, although the DJIA has corrected almost 7% from the high, the broader market really hasn't taken much of a hit at all. In short, Bob calmed my exhuberance at the possibility of another Gift Horse. That is exactly what Bob seems to do best. As you stated in your post, he tends to keep you fully invested at the market bottoms. Likewise, as in this case, he helps to keep me rational during times when stocks are overvalued. Which all brings me to my question: How low do you think the market needs to go before you decide that the risk-reward ratio is favorable and you put your 50% back to work? The "low 7000s" is fairly ambiguous. Do you have a specific number in mind? Best wishes, I2

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