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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Hank Stamper who wrote (5886)6/15/1999 5:57:00 AM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
David: Re: " I disagree with you, Justa, in your comment that it is positive that the sell-off (such as it is, cf. my comment above) has not included the S&P and the Dow. This only means that the so-called correction we had a few weeks ago in the markets (S&P, Dow, Nasdaq) retains its standing as too week to really provide the needed
health restoration."

Disagreement is okay but this is what I said:

"There is a huge meltdown going on today and this is a good thing IMO.
The life of the bull market increases each day as this excess get washed out of the market."

At least and until we reach new record highs.

Re: "Brinker is quite pleased with this internet market action as he has said. I am impressed that so many parts of the Nasdaq and overall market stand strong in the face of this meltdown up until this point. I had previously thought that if the nets melted it would take down the overall market some. Not today so far. Incredible market."

Well, I am impressed but know this is not a health restoring correction (except for the nets) but this is the correction, so far, that the market has dealt. Brinker has pretty much given up on the health restoring correction anyway as we test and probe the correction lows. We should post the correction lows and track this thing to see if we come within + or - 3% of the previous lows or whether we break for a new leg down.
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