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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (5388)	7/8/2010 12:27:16 PM
From: Kirk ©	1 Recommendation Read Replies (1) \| Respond to of 10065

"That's the lowest (II) since July '09" I wonder if Friday's death cross for the S&P500 was responsible as many trend following models use that to get out. If you look at Brinker's exit from the market after the 1987 bear, it was about at the same price the S&P made a death cross. I think he added the sentiment component after that major mistake so he'd not be getting out in the future AFTER most had already sold. That is, if he can't get out early, then he rides them down fully invested. I posted some more charts of the recent death cross and the prior golden cross on my blog. Unlike the trend followers, I was a buyer last week (Alert went out July 1) when we had the crossing and hope for a rally to take some profits... again. It was only two weeks between my two mid June take profits and that buy as the market has been very volatile. I think the trend following models in whipsaw markets usually get toasted.