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

To: marc ultra who wrote (6266)	7/29/1998 9:21:00 PM
From: Boca_PETE	Respond to of 42834

Mark W: RE: <the morning following the big drop ... there was a huge rebound > My recollection is that the market closed early the previous day due the large drop as of mid afternoon. The resulting panic caused an inflection point low at approximately DOW 7100 that next morning. I believe Brinker railed against the market collar rules that caused the early market close. That next weekend I believe he argued that had the market remained open, panic would not have set in and the DOW low would have been closer to 7400 (an approximate 10% correction at that time). So there were unpredictable unusual events that initiated the panic 7100 intraday DOW Low. There were SI posts on this thread during that time frame by Don Lane that described all of this as it occurred, including the local California radio show appearances by Brinker.. P

To: marc ultra who wrote (6266)	7/29/1998 10:39:00 PM
From: mister topes	Read Replies (2) \| Respond to of 42834

You are correct. At the market bottom Brinker appeared live on KGO San Francisco and called the bottom to the day. That same day he appeared for one hour on Dennis Prager's show on KABC and called it a great buying opportunity. He also told listeners he plowed into the Spiders and caught the lowtick on the opening the following morning. Of course, while all of this was going on, R Ill Annoy was looking for some needle in a haystack to show that Brinker had somehow missed out. Which is why R Ill Annoy is irrelevant except when he posts factual data on Investors Intelligence surveys. Which of course, he only knows how to interpret, because of the fact Brinker taught him how to do so ! How ironic!

To: marc ultra who wrote (6266)	7/30/1998 6:09:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 42834

Marc: Thanks for taking the wind out of my sails. You see I believed that my post was going to put poor Rill to work in trying to figure out if the Wilshire dropped more than 10% during the correction. I was looking forward to his silly post about the Wilshire dropping over 10% but I will probably never see that post thanks to you. The bottom line is that Rill is angry that Brinker did not call for an intermediate correction at the point the correction may have gone over 10% because this decision robbed Rill of an opportunity to show that Brinker was wrong. Good thing Brinker realizes (along with most everyone on this thread) that market analysis is an art and not a science. A wise man said once: "The market will do what the market will do without ever consulting me." Likewise, the market does not stop in a correction at 10% or less and say to itself that it will go no further because it does not want to give out a false intermediate sell signal to investors. The market has no brain.