Jeffrey in your attempt to make Brinker look good you said:'
"Always remember Stocky "You cannot afford to be out of the market for a single day."
I'm sure glad you brought that up Jeff. Brinker said that in Oct 98 after the dow had dropped to the low 7000's. Now many who tout Brinker tell me about how this was such a great call of a buying opportunity. It would have been ....if....Brinker hadn't called another buying opportunity at 8600 two months earlier. Here was Justa and Brinker claiming his model was designed to find bottoms within 3% in hubris filled giddy posts. Soon after the market dropped and Brinker hid from his 8600 call and stopped posting as Don Lane for a good while. LOL Much like he did with TEFQX and the QQQs. Brinker learned to throw crap out there and brag on what sticks. The quote you use that he said in Oct 98 and has bragged on many times of course would have required someone to have come into a lot of money in a few week period to use the advice. Because anyone who believed Brinker could not have doubted his assurance that 8600 was a"benchmark low buying opportunity" that the special super duper model calls with in 3%. Do I have a "direct hit" Jeffrey? LOL
To:Justa Werkenstiff who started this subject
From: Justa Werkenstiff Friday, Aug 14, 1998 9:18 PM
View Replies (2) | Respond to of 15129
** The Brinker Three Percent Rule ** Hey, Mr. Green Jeans why can't I be the first poster here on the thread <GGG>. Welcome aboard.Hey Lars, where are you? Wake up, we are on-line.The market has recently undergone a correction. Last weekend, Brinker discussed his goal for calling "buying opportunities". In the past, he has attempted to call market bottoms "within approximately three percent" of his trigger price level. In July 1996, Brinker called for the market as a buy anytime under DOW 5400. Well it got within less than 1% at 5351. That was very, very close to a direct hit. But don't always assume he is going to nail it on the button as the market has no brain. Brinker regards anything within 3% range as a direct hit. In April 1997, Brinker came within about 2% of the DOW 6600 buy point by going under 6500 for several nights and one night it got into 6400s. Brinker has identified a buying opportunity at DOW 8650. He has identified the benchmark lows in this correction at intraday DOW 8362 on Wednesday August 5, 1998 to Tuesday's close at 8487 on August 4, 1998. So to come within 3%, Brinker is probably looking at a DOW closing low of 8390 within the range of possibilities.Hey Lars, what happens if he is 1% off? LOL.
Message 5502873
To:Lars who wrote (119)
From: mister topes Monday, Aug 17, 1998 8:52 PM
View Replies (6) | Respond to of 15129
Congratulations on the new Lars & Justa Honors Club Thread.
This thread rules and has effectively rendered the original
thread a wasteland. I will no longer bother with it myself.
Here is some great arithmetic for all members. The Dow 8650
and S & P 1100 buy signal trigger points are designed to fall
within about three percent of the final closing lows. So far
the closing low in this correction for the Dow is 8425 (2.6%
below 8650) and the S & P low is 1062.75 (3.38% below 1100)
so these numbers are totally in line with projections.
Could we have another direct hit on our hands? :) :) :) :)
Message 5520705 |
