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


To: mister topes who wrote (6938)8/17/1998 7:57:00 PM
From: stock bull  Read Replies (4) | Respond to of 42834
 
Don, you need to consider the market's internals. They are still very weak...volume low, advances/declines, foreign markets, etc.

I think its two early to imply that the correction is over, and from here we will rally to new highs.

Lets see what happens over the next few weeks.

Stock Bull



To: mister topes who wrote (6938)8/17/1998 10:22:00 PM
From: Kirk ©  Read Replies (2) | Respond to of 42834
 
You may be missing the fact that Brinker's Marketimer Timing Model
appears to be making another incredible call of a correction bottom.


Not at all Don. I was poking fun a Allan suggesting that there was nothing sinister about an impending market crash hidden in the numbers other than they were at very good prices for purchase. Allan has been sending me all sorts of bearish warnings as I keep buying... see: suite101.com

So far, it looks like our Starship Commander has scored a direct hit on the Klingons, er bears!

Of course, I disobeyed the "Prime Directive" and went to 99% invested last Monday and have already made 10% on my trade! I thank Bob for his KGO appearance Monday (that I heard about on the Internet.) ... It is scary to buy when when so many are yelling "Fire, head for the exits!" and Bob's calmness on every "buying opportunity" is truely appreciated.

BTW - I think HWP has been much more fun as a trading stock than Intel lately.....8)

best regards
Kirk out



To: mister topes who wrote (6938)8/21/1998 12:02:00 PM
From: Diamond Jim  Read Replies (1) | Respond to of 42834
 
RE: "You may be missing the fact that Brinker's Marketimer Timing Model
appears to be making another incredible call of a correction bottom.
Brinker recommended buying any dips below Dow 8650 or S & P 500
1100 as this would represent the big 1998 off Presidential year
buying opportunity he has talked about as a 1998 probability.
He added he thought the final lows in the correction would be
within about three percent of these target levels, give or take
a small fraction. Now we see, to date, the Dow closed within
2.6% of 8650 and the S & P 500 within 3.38% of 1100 thereby
making this another direct hit for the timing model. Those
buying this dip during weakness below these benchmarks may be
scooping up bargains that will make them serious money by 1999!
Go Starship!"
+++++++++++++++
Strange how fast things can change, will we get a retraction of this if the market closes below 8390 or S&P 500 below 1067, which is the current position of both.

jim



To: mister topes who wrote (6938)8/27/1998 5:28:00 PM
From: Diamond Jim  Respond to of 42834
 
Message 5520227

Dow 8166 is now off 5.6%, S & P 500 is now off 5.2% from those recommended buying opportunities that you quoted in your post above.

I wonder if this a better buying opportunity than Bob thought or if it's all gone wrong(well beyond the 3% of target).

jim