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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Thomas M. Carroll who wrote (8967)1/21/1999 2:08:00 AM
From: Tim Bagwell  Read Replies (1) of 42834
 
<<He said he expected a correction but it would not exceed or even reach the 10% mark.>>

This is what I heard also. However, I think Don Lane's point is well advised. The volatility is certainly in the market and another 10%correction could easily happen sometime this year (probably sooner than later).

Keep in mind, that Bob did not predict the severity of the last big correction this market had. Perhaps Don can correct me, but I've never heard Bob try to predict a correction or its size even when one seems imminent. He just waves the yellow flag and looks to find some kind of historical background.

Even so, I've found that when Bob begins to issue warnings, a correction is usually close behind. But he is not good at predicting corrections, in general, and I don't think he would claim to have any special ability there.

Tim
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