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


To: Diamond Jim who wrote (8514)10/23/1998 3:25:00 PM
From: Diamond Jim  Read Replies (1) | Respond to of 42834
 
SPY volume is extremely light today, 5 million with less than an hour to go.

jim



To: Diamond Jim who wrote (8514)10/23/1998 5:01:00 PM
From: Mike da bear  Read Replies (4) | Respond to of 42834
 
"Jim, how about those SPYders? I couldn't help myself and bought some more at 106 1/4. Probably
not the wisest thing to do but it seemed right at the time. Best regards, Jeff"

Jeff, I think it was a very wise thing to do, if you were out you'd probably feel pain this weekend when
Bob will be saying(my presumption) we are going to new highs.

jim


Bob Brinker is an idiot. Of course he'll be calling for new highs
this weekend. He's done so every weekend for the last 10 years (since
he's been on the air). This brilliant market timer couldn't time the
nearly 2000 point dow drop from the peak.

Saying he's been right because we've recovered more than 50% of the
drop is not valid. Eventually the market will always return to new
highs given enough time.

It's time this dolt got off the air.

mdb