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

To: Justa Werkenstiff who wrote (9476)	10/26/1999 8:53:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Edited :o) from Ralphie.com: "We encourage our followers to read the technical article in this week's Barron's publication. It outlined all of the same concerns we just mentioned and even a few more technical problems. The conclusion is different for some technical analysts then it is for us—we are still long-term bulls because of ROTATION or ACCOUNT CHURN. Remember, technical indicators (the top down approach) is one thing and the bottom up approach (stock selection) is quite another matter. As long as we can find stocks to buy (issues to rotate into), we will continue to run your account into the ground. In the meantime, we see very little improvement near-term except that we are impressed with the ability of the leading averages to hold above previous near-term lows. For example, the Dow industrials are still above 10,000 and the S&P 500 is still above its late September low despite the negative inter market problems. Conclusion: Expect more of the same market volatility and rapid rotation. (Just watch me spin, baby) We don't have enough evidence to suggest that the final lows are in place. Earning season is still with us and should exert a positive influence near-term but once it is over we will have to deal with the inter market factors once again. There is a slight improvement in the US Dollar. Like last year, once the low is firmly in place, it should set the stage for a strong and broad based recovery. The Year 20000 is expected to be a good one because it is a re-election year."