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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer -- Ignore unavailable to you. Want to Upgrade?


To: Boca_PETE who wrote (1045)9/20/2007 1:40:13 PM
From: Kirk ©Read Replies (1) | Respond to of 2121
 
Hi Pete
At the risk of contributing something new, another trip to 1370 would be a third dip to that level... not a second time.
home.netcom.com
As that chart shows, we've already been there three times... the fist in 2006 then twice on corrections this year.

Triple bottoms are pretty rare. That same chart shows the market made a triple bottom of sorts in March 2003 even though it didn't quite get down to the lower lows made in 2002. It took us going to war to get withing 4% of the two 2002 lows for that triple bottom... so perhaps a move on Iran would do it now... so I'd figure that in the odds.

K



To: Boca_PETE who wrote (1045)9/20/2007 1:50:24 PM
From: samuleRead Replies (4) | Respond to of 2121
 
I remember reading in a recent Marketimer letter that secular trends are not relevant because all of Bob's market calls are made on a cyclical basis.

Of course Pete. What other way could it be?

Who would listen to anybody who predicted a 17-year secular bear market and told everybody to just sit it out? LOL!

Of course the flip side of that is there are some small time newsletters out there who say they are bullish over the long term and just ride out those bear markets.

Well that makes some sense if you live long enough I guess...but I prefer to follow Bob's advice and side step that bear market with most of my investments.

That 1380 was a great buy point on the S&P.



To: Boca_PETE who wrote (1045)9/21/2007 9:53:25 PM
From: sweetsueRead Replies (2) | Respond to of 2121
 
Boca Pete said: "I remember reading in a recent Marketimer letter that secular trends are not relevant because all of Bob's market calls are made on a cyclical basis." Then Pete posted a link to one of his own posts that he wrote to Honeytres to show what he "remembered reading."

Boca Pete...I do not recall ever reading in markettimer where Bob Brinker claimed what he wrote about secular trends (in dozens of market timer's) was irrelevant.

Would you please post the date of the issue where you read that. I would like to see it for myself.

TIA
SweetSue