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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (338)8/27/1998 9:41:00 PM
From: MrGreenJeans  Read Replies (2) | Respond to of 15132
 
Have Confidence

I have a good feeling that Bob made a fine call in here. The only thing he missed was the severity of the low which would not have occurred if Yeltsin would have stayed off the Vodka.

I have been buying heavily yesterday and today. I am confident. Brinker will once again prove the naysayers wrong. Globex is improving tonight only down 3 points the last time I checked. When this market finally stabilizes money on the sidelines will pour in and get us all closer to critical mass.



To: Investor2 who wrote (338)8/27/1998 9:49:00 PM
From: Boca_PETE  Read Replies (1) | Respond to of 15132
 
I2: RE:<thought Bob's definition of an intermediate term correction is 10 to 20 percent>

In recent years, your recollection is correct. However, my notes collected from many years show the following definitions:

Consolidation = Less than -10%
Correction = -10% to -15%
Bear Market = -15% to -20% or greater lasting six months to two years.

Brinker may have changed his definitions over the years. Whatever we label this event, let's hope it is contained in the -10% to -15% range.

P