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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: dougjn who wrote (1960)11/2/1997 7:08:00 PM
From: Glen Hansen  Read Replies (1) of 42834
 
dougjn, I sure coultn't agree with "blew it big time" and "major downturn."

Bob has been consistent in saying that he expected a correction and that the market would be bumpy with a lot of fill and back-fill before it closed higher at year-end. It was my impression that 10% or event a point or two over could still be interpreted as a minor correction. In fact, corrections of 10% to 20% are considered to be intermediate corrections. Historically, both minor and intermediate corrections result in prices, within days or weeks, hitting new highs.

Appreciate your point of view, just can't agree with it.

gh
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