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

To: Alan Whirlwind who wrote (11428)	1/3/2001 3:15:16 PM
From: Diamond Jim	Read Replies (3) \| Respond to of 42834

Alan, hard to tell, he has gone to silent running it seems. I guess no bulletin means no change form 63 buy QQQ but don't chase. jim

To: Alan Whirlwind who wrote (11428)	1/3/2001 4:14:17 PM
From: Chris J. Horne	Respond to of 42834

RE: "Did Brinker ever rescind his bear market rally buy signal? Where is he in all this?" Bob has been consistently bearish since January 10th, 2000. Bob said to sell half of your equities in his newsletter received January 10th, 2000 (he had a percentage of foreign vs. domestic, dont remember it now). In the newsletter received on October 16th, Bob said to take up to half (depending on your risk tolerance) of the cash you raised from the sale in January and invest it in QQQ at the earliest opportunity; the earliest opportunity was to buy QQQ at the open on October 17th at $83. He said he was still bearish overall, but expected a rally that would go against the overall market trend. Bob felt that the QQQ was the best way to take advantage of the counter trend ralley. Although the broad market (S&P500, Wilshire 5000) has only dropped a small amount since Bob's call of 1/10/2000, the NASDAQ and QQQ have dropped a large amount. Almost everyting has fallen to some degree (a few exceptions), so I consider the bearish signal a good call. On the other hand, after recommending QQQ at $83 (the earliest opportunity), QQQ has fallen like a stone to $52 and today is the first real sign of life. No matter where the market goes from here, this has to be considered a poor timing call IMHO.