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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Bearcatbob who wrote (16874)10/18/2002 11:47:44 AM
From: Chris J. Horne  Read Replies (2) of 42834
 
re: "Bob has not signaled a buy. If the train has left and he does not get on - then he goofed."

I share in a lot of the criticism of Bob. However, let's put this in perspective. It is quite possible and very normal that while following the overall downward trend of a bear market, there are upward rallies. These are called countertrend rallies because they are counter to the trend of the market. Some refer to them as sucker rallies, because they lead to a conclusion of the type you are drawing...that the bear is over...when in fact new lows may be seen.

I do not own a crystal ball. I am not saying what kind of ralley we are experiencing. However, I would not conclude from this brief upward movement that the bear market is over.

Also, I don't think it is a reasonable expectation for Bob or anyone else to get you out at the exact top and get you in at the exact bottom. It would be ideal, of course, but is just not realistic.
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