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: Jim S who wrote (8311)	10/9/1998 11:31:00 AM
From: Kirk ©	Read Replies (1) of 42834

did you have a point to make with your "Dipy indicator?" If you had a point, I missed it entirely. Yes. When the market is making people rich, they all love BB and shout down Dipy. When BB is wrong, Dipy comes out of the woodwork hurling "clueless" and such with hardly any opposition. Seems like a good indicator to me. Both people have their points and rub many the wrong way. Unlike BB, I have been saying we have "rolling corrections" which is why the market as a whole tended to continue to go up boosted by the hot-6. I was warning all NOT to buy these stocks as they were too expensive and subject to a fall. Now we seem to be having my predicted p/e corrections in the big 6 that is really creaming the capitalization weighted indexes. Bob was wrong, it seems IMHO, saying these stocks would lead the way to new highs when we were in the mid 8000's of the DOW as he forgot to mention that they would be chopped in half first! It is rather simple for me to see that the S&P500/DJIA/Wilshire5000 are about the best indicators for the market rather than the NASDAQ or "average stock". IF you are properly diversified, your portfolio will reflect the W5000 plus whatever mixture of foreign funds you choose to mix in. Bear markets last 6 months or more and I think these TA numbers are interesting, fun to write about, but not as important as Bob says (but I am willing to cencede he knows alot more than I). IF your portfolio is down more than 10% or so for the year, then you really need to adjust your asset allocation and not blame BB as he was pounding the table warning to do just this at DJIA 9300. All the advice I got from Dipy at DJIA 9300 was how to spend an hr of my time to go to the library 12 times a year to save me a few hrs income and how nobody can time the market...Yeah, Dipy was right about that but BB was more helpful. regards Kirk

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