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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (6443)6/30/1999 11:57:00 PM
From: marc ultra  Read Replies (2) | Respond to of 15132
 
I2, I don't know if and when Bob may go bearish but I think some of your reasoning is incorrect as I certainly hope it would be. Under this scenario of convenience you would be saying Bob's model will give a sell signal, would presumably get himself and then his money management clients effectively out of the market but because of factors relating to convenience of when he may be sending the monthly newsletter he may not notify MarkeTimer subscribers for as many as several weeks. That would seem to be a terrible breach of responsibility to me and not something I can imagine Bob doing. What if during the two or three weeks after his model gives a sell signal while he is fiddling and diddling instead of notifying his subscribers the market should have a major drop? Are you going to happy receiving a newsletter telling you the timing model turned negative and to get out of the market after the market has made a 10 or 15 or who knows percent drop between the time a sell signal was given and the time you were given notification when Bob has stated that he will advise subscribers at least by immediate mail should there be a sell signal. Would that make any sense after Bob has clearly been saying the market is in a precarious position and he is monitoring his indicators daily?
This would also assumedly occur around a new high at which Bob has said he will need to take a careful look at his model to see if any further progress can be made or if we might instead reach an inflection point into a bear market.

Marc



To: Investor2 who wrote (6443)7/1/1999 6:19:00 AM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
I2: Re: "Since Bob is unlikely to issue a "sell signal" soon after his newsletter (he probably will wait until the next regular issue), he
will, as you say it, "Hold on to the bull argument in the weeks ahead." If not longer."

I disagree. Brinker will monitor his indicators in conjunction with the character of any subsequent rally from this point on and will issue a sell signal at any time the pieces come together if they come together at all.