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


To: DD™ who wrote (7239)8/28/1998 11:21:00 AM
From: Jim S  Read Replies (1) | Respond to of 42834
 
a "gift horse" buying opportunity?

Well, 2D, either that or he will admit that we are entering an "intermediate correction."

Naaaa. He can't say that. He has also said, on numerous occasions, that once the "intermediate correction" shows up in his model, that it can't be differentiated from a full-blown bear market, and the sell signal will be issued when the "intermediate correction" occurs.

So, ol' Bob can't admit to becoming a bear, can he?

So, the most likely comments tomorrow will be either, a) a "very good" buying opportunity, or b) he just won't show up tomorrow, and we'll get to hear, once again, the importance of learning to balance our checkbooks. Yipee!

Enjoy your weekend, Mr Brinker!

jim



To: DD™ who wrote (7239)8/28/1998 12:10:00 PM
From: stock bull  Respond to of 42834
 
Double D, re: <<S&P is now -6.18% below Bob's 1100 buy recommendation.
I wonder if this now represents a "gift horse" buying opportunity?>> I really don't known. However, given all the complex and uncertain problems now facing the world's markets, I would recommend sitting tight and seeing how things play out. JMO. Besides, its now Friday, and Bob should be on the air tomorrow with his analysis of the situation.

Stock Bull




To: DD™ who wrote (7239)8/28/1998 1:07:00 PM
From: donss  Respond to of 42834
 
DD,
Bob has said on numerous occasions that we will go to new highs if the pull back is limited to less than 10%. Since we dropped more than 10% I'm not sure if the going to new highs scenario is intact. I do not think he will rate this as a "gift horse" since we are still at record valuations and he has said in the past that he will not give a "gift horse" rating while we are at record valuations. This weekends show should be interesting.
-Don