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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 (6228)	8/11/2011 10:31:39 AM
From: Honey_Bee	1 Recommendation Respond to of 10065

Marc said: "But if the correction unexpectedly continues beyond 10% as it did, then in Bob's mind things change and we're looking at an extended process that usually needs a retest before it's completely over. That retest particularly with the desired qualities, would usually then make for an outright strong buying opportunity." Marc, That's an interesting theory, but the only time I recall Bob Brinker espousing it was in March of 2009 when the S&P was at 698 -- just 5 days from a bottom. After he had issued "buying opportunity" calls all the way down from S&P mid-1400's to low-to-mid 800's, as the it dropped over 50%, Brinker said this: Marketimer: March 2009 (S&P 696), Brinker said: "Due to the fact that the November 20, 2008 S&P 500 Index closing low failed to hold during the testing process, we believe a new bottoming process will be necessary in order to put an end to the bear market. This means that in order to set the stage for a sustainable market advance, we need to see a sequence of events consisting of (a) the establishment of an initial closing low; (b) a short-term rally; (c) a test of the area of the initial closing low on reduced selling pressure." Now my point is that during the whole 2008-2009 megabear market, when Brinker issued his ever-lower buy signals, he never once said anything about retesting. Perhaps that was because after the decline passed the 20% bear market mark, he was just a buy-and-hoper, in addition to being a buy-and-holder. Can you cite other times that Brinker has revealed that your theory was in his "mind"? .

To: marc ultra who wrote (6228)	8/11/2011 11:55:56 AM
From: Kirk ©	2 Recommendations Read Replies (1) \| Respond to of 10065

Despite being fully invested with "buy signals" from mid 1400s all the way down... Brinker completely missed buying in the 600s in 2009 as he wrote about looking for a test of the low. I think he didn't get an outright buy until something in the 1,000s... where now he brags about 1030 or something... that is a long, long way above the 666 (676 closing) low.... The whole idea of having buy signals while FULLY INVESTED in equities and calling for 1600s at the very top in 2007 is comical if not so devious....