To: wurkinstiff who wrote (256 ) 1/29/2009 5:58:15 PM From: Honey_Bee Read Replies (4) | Respond to Hi Wurkinstiff,mid -1400's, mid -1300's, and low to mid -1200's, it's a lead pipe cinch he didn't issue a sell signal on January 15th at mid -800's.... Bob Brinker's Bear Market Bottoms Caller John said: “I took your recommendation, Bob.. When it was below the 1300’s I added....." Brinker replied: "And just for the record, I’m right with John. I was the exact same thing that John was doing. When we saw that weakness on the correction test into the low-1300’s and that very, very minor weakness that we had just below that level for a very short window of time, I was doing the same thing that John was doing – which was adding to positions." (Brinker rescinded this advice just two weeks later, and resumed recommending dollar-cost-averaging.) Mark Hulbert wrote an article for Marketwatch on January 15th titled: "No Key Reversal." Hulbert thinks that the bear market bottoming process has further to go. (If Brinker agreed with Mark, would he have issued that bulletin?) David Korn said that he thinks a good entry point is 750-800: "There was some talk on Wall Street about a retest of the lows occurring Thursday. The S&P 500 recorded its closing low on November 20, 2008 at 753.44. Now other than that day, the lowest close for the S&P 500 was the day after (November 21st) when it closed at 800.03. We got pretty close to that on Thursday, when the intra-day low was 817.79, before it closed at 843.74. I prefer a retest where the new low is breached, on lower volume. But if you are looking to buy, I think a good long term entry point is between 750-800 in the S&P 500." "Actually Ken, it's not my opinion that you should be selling stocks right now. I don't have a recommendation to sell stock right now. And if I did have a recommendation to sell stock right now, you would know about it. No, I do not have that recommendation. And really, that's all I can say. We have not, we have not issued a sell signal on this market."
