Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: marc ultra who wrote (416)	8/28/1998 4:20:00 PM
From: DD™	Respond to of 15132

The S&P fell another 2 points after the official close. Looked like a lot of selling into the close. DD

To: marc ultra who wrote (416)	8/28/1998 4:32:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Market Summary and Intermediate Term Correction READ THIS. You know the story. Market sucked. We are in an intermediate term correction per Brinker definitions. Nothing happened today that was good for the longs except the volume was high and we did not sell off in a panic as there was some testing and probing of the highs for the day. Brinker on intermediate corrections: "In almost every case, a bear market is preceeded by an intermediate term correction. Virtually every time the market goes down over 20% in a bear market, it is preceeded by a decline of over 10% but less than 20%. Over 10% and less than 20% can last several months but the bear can last 6 - 24 months. Once you get an intermediate sell signal, that tells you that the market, if the model works, that the market will go down more than 10% but less than 20% for sure based on the model's accuracy. But, and here is the problem, it does not guarantee you that it won't go right into a bear. If you get an intermediate term sell signal that forecasts a correction of over 10%, there is always the possibility that can then, after the market is in the tank, be followed by a bear market sell signal. I generally follow the principal that after you get an intermediate term sell signal, you go to cash and zero equities in the US to avoid the risk of the big bear. You could go to a bond (treasuries perhaps) market fund depending on the reason for the decline."

To: marc ultra who wrote (416)	8/28/1998 5:35:00 PM
From: Investor2	Respond to of 15132

RE: "Looks like another sloppy close of a dismal week. I don't look forward to tallying up the damage tonight." I'll second that motion, although I do actually own six stocks that went up today. The rest of the stocks and the funds, however, were probably hit pretty hard. It looks like interest rates went down a little, so 32% of my porfolio (bonds, GNMAs, CDs, etc.) did just fine. After this week, it sure seems easy to find a very reasonalby valued stock, though, doesn't it? Best wishes, I2