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To: John Koligman who wrote (119760)11/30/2000 9:55:59 AM
From: Elmer  Read Replies (1) | Respond to of 186894
 
Re: "In addition, I remember some disagreement with Bob Brinker's bear call on this thread not too long ago. I don't see anyone knocking him these days <ggg>"

How about his advice to load up on QQQs about a month ago?

Ouch!

EP



To: John Koligman who wrote (119760)11/30/2000 10:21:32 AM
From: Tushar Patel  Respond to of 186894
 
Bob Brinker's prediction was based on the S&P 500 (his timing model is based on this).

The S&500 closed at 1469 on December 31 1999 when his model went bearish. Today, it is at 1319. In other words, it has gone down by 10.2%. From the closing high of 1527 reached in March 2000, we are down 13.6%.

Now, since these are not sufficient declines to even qualify as a bear (normally thought of as declines of 20% or more), Bob Brinker has started to act as if his prediction was made for NASDAQ. Remember, he was the one who called NASDAQ basically a sector index concentrated in "bio-technology and computer-related stocks" and decided to ignore its ~40% upward movement in Spring this year as essentially irrelevant to his prediction.

tushar



To: John Koligman who wrote (119760)11/30/2000 12:21:10 PM
From: Diamond Jim  Respond to of 186894
 
"In addition, I remember some disagreement with Bob Brinker's bear call on this thread not too long ago. I don't see anyone knocking him these days"

Pretty sure it was Tony. However, Bob told his subscribers to get back in (30 to 50%) the QQQs at 82 or "immediately" in an Oct 16th bulletin. He then followed it with a newsletter trying to back peddle it to low 70s. I wouldn't say no one is knocking him, he is trying to take credit for a Jan call to go to 65% cash but if you followed that, I am sure you followed this trade, you are now under water this year.

jim