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


To: Rillinois who wrote (15077)9/26/2001 12:51:30 PM
From: sea_biscuit  Respond to of 42834
 
believe it was just about 5 months ago (late April) that O'Neil and his
paper identified another follow-through day and went as far as drawing a cup-and-handle on the General Market & Sectors
page detailing the formation point by point and day by day. He also took out a full page add on May 7, 2001, declaring the
bottom of the bear market and calling for the small-to mid-sized consumer related companies to lead the next bull market.
The market peaked 2 weeks later.


They took a lot of time to get to the cup and handle, and by the time they drew out, most of the bear-market rally from April 4th had already run its course.

Anybody who got in at IBD's urging may not have lost their shirt but they probably got back with more than a few buttons missing!