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


To: Investor2 who wrote (6842)8/13/1998 10:44:00 PM
From: marc ultra  Respond to of 42834
 
I2, todays low again was right in the vicinity of the original closing correction low with light volume today. So far looks like a perfect pattern of testing and probing before the inflection point up that Bob talked about. this may continue for awhile but everything looks in order. If Bob is again right we'll all be in great shape, if in the unfortunate case he's wrong you'll be in better shape than most since it sounds like you stuck to a strict asset allocation.

Marc



To: Investor2 who wrote (6842)8/13/1998 10:55:00 PM
From: Alan Whirlwind  Read Replies (1) | Respond to of 42834
 
Yes, Hong Kong seems to be dead cat bouncing ;).

I guess Korea going below 300 is what really caught my eye.

(Marc, I forgot about the 4% rule--good point ;)



To: Investor2 who wrote (6842)8/13/1998 10:59:00 PM
From: stock bull  Respond to of 42834
 
Investor2, <<There was quite a drop in the last few minutes of US trading, wasn't there.>>

Its my understanding that the drop in the market just before closing was due to concern over Russia. Investors didn't want to be long overnight.

Stock Bull