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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Trebor who wrote (1803)10/23/1997 9:54:00 PM
From: Investor2  Read Replies (1) of 42834
 
RE: "As for Elaine on NBR, Brinker would advise me to do the opposite of whatever she suggests, right?"

If I remember correctly, "Lady Elaine" turned bearish and issued a sell signal when the Dow was at its recent low of 5300 or so, just when Bob was issuing a "Gift Horse Buying Opportunity" buy signal. To Elaine's credit, she did admit she made a mistake and turn bullish again (after she missed a rise of 1000 points on the Dow).

On another subject, there is one thing good about this sell-off. The sentiment indicator is probably moving from neutral to bullish.

Best wishes,

I2
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