Bob Brinker: Market Savant & Radio Host Message Board

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

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To: Tim Bagwell who wrote (2090)	11/10/1997 9:30:00 PM
From: mister topes	Read Replies (2) of 42834

Another excellent market barometer, the NYSE index, declined a total of only 9.9% during the entire decline. Coupled with the S & P 500 decline of 10.8% I would say the pullback was essentially in the ten percent range. The fact that the narrowly defined thirty stock Dow Index (only 20% of the market) declined slightly more is a mere footnote so far as I am concerned. Using true market indicators like the S & P 500 and the broadly based NYSE index you get an average decline of 10.35% which is about as close to ten percent as you can get. Why do people wish to get hung up on such trivia? When the guy is right give him the credit he deserves. He said declines of up to about ten percent can occur at any time for any or no reason at all and the market did just that. And the dollar cost average approach as been the perfect way to add to positions for many many months.

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