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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (10351)	10/16/2000 10:55:04 AM
From: Kirk ©	Read Replies (1) \| Respond to of 42834

A buy signal at this juncture would be totally inconsistent with his latest views expressed on the program. Perhaps not. He did say he expected the NASDAQ to drop between 40 and 70%... We kissed the 40%...again... and didn't tank on threat or Middle East War and $36 Oil. I've owned IBM since way back with a doubling down in Jan 93 (a bit early) and I discovered this chart last night: stockmaster.com Note how IBM actually had MORE GROWTH than the NASDAQ and got ahead of itself last year near $140. It corrected nearly 30-40% to under $100 and has slowly traded higher. I superimposed a NASDAQ line on the chart and propose that this index might do the same thing. Before, I was comparing the NASDAQ chart to that of the 1987-1991 DJIA, but it might make more sense to compare it to IBM? Anyway, in both cases, the 40% drop was right at the beginning followed by trading to higher levels with time as time healed over valuation. I have no crystal ball, but I don't see an index getting over valued then using sector rotation to correct and slowing wait for valuation to catch up. Bob has ONLY RECENTLY started to talk about PEG (he says he talked to an analyst he respects and was told 2 times the growth rate is fine.) and PEG analysis does give you the line the IBM and NASDAQ graphs show. Hmmm.... I imagine subscribers are sure watching their mailboxes carefully! 8) regards Kirk out

To: Boca_PETE who wrote (10351)	10/16/2000 1:56:11 PM
From: sea_biscuit	Read Replies (4) \| Respond to of 42834

A buy signal at this juncture would be totally inconsistent with his latest views expressed on the program. I agree. All that talk about people capitulating and selling their shares at any price and vowing never to get back into the market again, and a buy signal of any kind would be not just inconsistent but also out of character. Brinker doesn't like to flip-flop. I don't think he will announce a buy signal. If I were to guess, I think he would probably suggest lightening up even further. Or it could be something else that none of us had thought about! Who knows?