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

To: Boca_PETE who wrote (6253)	8/19/2011 7:39:19 AM
From: marc ultra	2 Recommendations Read Replies (1) \| Respond to of 10065

< I deduce from them that chances are substantially reduced of an intermediate term (up to 20%) correction turning into a bear market (-20 or more %) when Bob's Long Term Timing Model is still flashing "Bull Market" If we go significantly below 20% and sustain it for awhile we'll have a bear and the timing model will have failed to call the bear. So for it to succeed we need to avoid it becoming a clear bear. So far so good but there's obviously not a lot of wiggle room left. I'm hoping I'm right that this will be like the 1998 scenario where we were down just slightly less than 20% at the time of a final retest and then exploded to the upside. Futures are looking ugly again so we may have another test of that 1101-1119 bottom area again.

To: Boca_PETE who wrote (6253)	8/21/2011 12:36:40 PM
From: Kirk ©	2 Recommendations Respond to of 10065

In the old days, Brinker used to like to see a lower close on lower volume to signify a successful test. Recall he gave up on that in 1998 when he gave another "gift horse" on a 10% pullback and the market went on to correct another 10%... Truman pretty much threw in the towel on Brinker after that. My guess is he will issue a "special bulletin" and a "new buy" at 1030 to match his last all in buy at 1030. Note he was nowhere to be found with bulletins or buys in the 600s and 700s.... yet some still think his timing model is brilliant... boggles the mind.