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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (14944)7/9/2000 9:37:24 PM
From: Allan Harris  Read Replies (1) of 15132
 
Re: Now though Bob seems to be indicating he is going to be announcing the end of the bear rally trade on the radio. It sounds like he may make a proclamation rather than talking about subtle technical factors which could give sophisticated listeners a heads up. I personally would prefer he gives the conditions in advance rather than just come on one weekend and say sell.

He indicated today that the exit signal will come off of an extremely overbought NASDAQ. I suspect that will be his focus for a few shows leading into the official announcement of an exit.

Meanwhile, ENMD backed off of resistance at 36, up about 40% from the 25-26 breakout a few weeks ago. The weak close on Friday is a short-term negative, but if 30 holds, I still say 50+ is likely for the move.

A
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