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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (5963)	7/15/1998 12:29:00 AM
From: marc ultra	Respond to of 42834

Worrying and being over cautious about Bob's stand in 1987 brought me a lot of grief. After watching Lady Elaine constantly being paraded around CNBC etc. as the person who called the crash I decided to subscribe to her new newsletter. At the time she had an impressive bunch of indicators many that seemed to closely match Bob's and she was very bullish as Bob was. Since the market was supposedly quite high I decided to take the approach that as as long as both remained bullish (which looked like would be the case for an extended time) I would stay aggressively long, if one went bearish I would go to mostly cash and if both went bearish I would go short. The rest as they say is history. The same week I was adding extra money as Bob was on an all out buy signal I all of a sudden got bombarded with urgent alerts to "sell all US stocks". I felt like a deer caught in the headlights but finally decided if a made a plan in advance I should follow it and not let emotion get in the way. This led to the ludicrous position of after having bought early in the week I largely sold out my US equities by the end of the week. Eventually I still had a decent cash position when Bob declared another gift horse the next March. As many know eventually the Garz said her call was due to mistaken data she had regarding cash flow and she should have used operating earnings instead-DUH. I am only recounting this horror story because all this crap started because I became aware that Bob didn't call the crash which some are again concerned about. If someone wishes to accuse me of being a Brinker fanatic or groupie it is because he has been as close to completely and amazingly correct ever since I have followed him and I paid heavily for being skeptical of his abilities Marc