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

To: HammerHead who wrote (6674)	8/11/1998 12:19:00 PM
From: Wally Mastroly	Respond to of 42834

In my humble opinion, I think you would do much better following Brinker's consistent advice - as opposed to someone like Ralpie-baby who dances to the 48 hour-flip flop. Re: Your question about Ralph A. affecting the market - I think he did fuel the fire last week, but the foreign markets (with some help from Slick Willie Clinton) seem to be dominating the situation.

To: HammerHead who wrote (6674)	8/11/1998 12:41:00 PM
From: Investor2	Read Replies (2) \| Respond to of 42834

RE: "But the DOW has dropped almost 500 points since Ralph Acampora's call on INTERRUPTION." At what level was the market when Ralph made his call? Do you have a reference that substantiates the above statement? I thought he made his switch to bearish on the day of the low. Best wishes, I2

To: HammerHead who wrote (6674)	8/11/1998 12:46:00 PM
From: Alan Bell	Read Replies (3) \| Respond to of 42834

According to financial press on the day of Ralph's change, Ralph said we were entering a bear market. This is vastly different than saying there would be a x% pullback. A pullback would be a "normal" event in a bull market. A bear market is a fundamental change in the direction of the market that lasts from 6 months to 2+ years. A bear market call also dictates vastly different actions than for a pullback. If the market continues to decline over the next 6 months, then Ralph is right. If the market rebounds then Ralph has whipsawed his listeners. As Bob has said, the important thing is to be on the right side of the market. Pullbacks do not change the overall trend. -- Alan