rsie, who is obviously not well informed about Bob Brinker, said: "well, bob looks like he is right on again..."
Let's look at the facts rsie. Maybe you might want to change that to : "well, bob has finally gotten one right - MAYBE."
Here's Brinker's true record of buy levels. ALL made with no sell signal!
* April, 2005, (S&P: 1172.92) "Attractive for purchase at the 1120 level"
* May, 2005, (S&P: 1156.85) "Attractive for purchase at the 1160 level"
* September, 2005, (S&P: 1220.33) Attractive for purchase below the 1180 level"
* July, 2006, (S&P: 1280.19) "Attractive for purchase at 1250 level or lower"
* April, 2007 "Attractive for purchase at 1380 or lower"
* August, 2007 (S&P: 1455.27) "Attractive for purchase mid-1400's.".
• January 4, 2008, S&P @ 1411: "Mid-1400's"
• Feb 10, 2008 S&P @ 1331: "Low-1300's" (delivered via "special bulletin" - no mention of January Marketimer mid-1400's buying opportunity)
• Aug 5, 2008 S&P @ 1285: "1240 or less"
• Sept 2, 2008 S&P @ 1282: "Low-to-mid 1200's"
• September 16th -- rescinded low-to-mid 1200's (recommended dollar cost-average only)
• January 2009 S&P @ 931: “bear market bottom range of 750 to 850."
• Feb. 2009 S&P @ 826: “low-to-mid 800’s"
• March 5, 2009 S&P @ 696: waiting for a bottom and a test of that low. No DC or buy levels.
• April 3, 2009 S&P @ 798: 676 benchmark low in. Short-term weakness is buying opportunity. He gave up giving specifics. S&P500 Target: 1000s to 1100s in next 12 to 18 months. (we got there in 5 months!)
• July 1, 2010: S&P 1030: "attractive for purchase."
* And then that last beauty at S&P 1129 in September 2011 -- SAME level as 2005.
Note that during all those years, he never issued any sell signals. The only one of his buy-signals where the market has NOT subsequently dropped LOWER is the "low-to-mid 800's" from February 2009.
Also, it's worth noting that the February 2009 buy-signal was the EXACT level as the one in March 2003.
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