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

To: davidk555 who wrote (16106)	6/17/2002 1:17:25 AM
From: Tim Bagwell	Read Replies (2) \| Respond to of 42834

Since Bob wont do it, who here wants to go on record as predicting a summer rally? Just because we're in a bear market doesn't mean we wont get a jolt just like old times. What's the alternative? Pete's target of 800-1000 for the Naz? I don't think so and apparently neither does Bob. But by Bob's own description, Wall St. is starting to anticipate increased corporate earnings in early 2003. They'll get religion later once they find they may be wrong. Regardless of the valuations and Bob's disdain for charts, Wall St. really does behave in some predictable ways as charts do accurately show. What Bob should say is that charts should be read with a healthy dose of probability. And my probabilities lean towards a summer rally as this market blows off steam.