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


To: Investor2 who wrote (6528)8/7/1998 9:12:00 PM
From: Alan Norton  Respond to of 42834
 
Subject: Summer Of '96 And '98 Similarities

Has anyone besides me noticed the similarity of the market today to the market during 1996, in particular July of '96 and August of '98? If I remember correctly, there were two weeks during July of '96 when the market had two very bad down days. This occurred on Tuesday on each occasion, one week apart.

This week ought to be very interesting. It can't happen again, can it? :) If it does, I will be putting on my buying hat.



To: Investor2 who wrote (6528)8/7/1998 11:22:00 PM
From: marc ultra  Read Replies (1) | Respond to of 42834
 
re:bullish advisors not getting scared that easy. I've noticed this also. While I think a lot of technicians will drop out like Ralph flipflop bringing the sentiment down a bit next week if we get Bob's anticipated rally to new highs eventually I hate to think what sentiment and valuations will look like then. It was pathetic watching another guru sqirming and and trying to hang on with his fingertips as he was dragged kicking and screaming from guru status to join Joe Granville, Garzarelli and all the others who have been tossed on the ash heap of fallen gurus. I think this spectacle is a good reason for potential gurus like Bob to maintain a reserved media profile