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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 336.14+0.9%Dec 19 4:00 PM EST

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To: Boca_PETE who wrote (6253)8/19/2011 7:39:19 AM
From: marc ultra2 Recommendations  Read Replies (1) of 10065
 
< I deduce from them that chances are substantially reduced of an intermediate term (up to 20%) correction turning into a bear market (-20 or more %) when Bob's Long Term Timing Model is still flashing "Bull Market"

If we go significantly below 20% and sustain it for awhile we'll have a bear and the timing model will have failed to call the bear. So for it to succeed we need to avoid it becoming a clear bear. So far so good but there's obviously not a lot of wiggle room left. I'm hoping I'm right that this will be like the 1998 scenario where we were down just slightly less than 20% at the time of a final retest and then exploded to the upside.

Futures are looking ugly again so we may have another test of that 1101-1119 bottom area again.
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