The Justa and Lars Honors Bob Brinker Investment Club Thread Message Board

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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

VTI 339.08

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Jan 21 4:00 PM EST

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To: rsie who wrote (4881)	9/5/2009 12:48:42 PM
From: Honey_Bee	Read Replies (1) of 10065

rsievers said: .....he is making up for it by calling this upturn "on the nose". Sorry rsievers, but that is a completely FALSE statement! I'm not going to waste time spelling out the FACTS for you (again), but suffice it to say that Brinker not only did NOT call the bottom, he completely missed it after having issued FOUR earlier buying opportunities in 2008. The last one was at mid-800's in February! ”In the March 5, 2009, Marketimer (S&P @ 696.33), Bob Brinker said: “Due to the fact that the November 20, 2008 S&P 500 Index closing low failed to hold during the testing process, we believe a new bottoming process will be necessary for a sustainable market advance, we need to see a sequence of events consisting of (a) the establishment of an initial closing low; (b) a short-term rally; (c) a test of the area of the initial closing low on reduced selling pressure." The market hit bottom just FOUR DAYS later at 677. .

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