Replies to post #117869 on ajtj99's Market Pulse

[TREND1]

aj99 you wrote "What about last year when he said to add on any dip below to 1450 or under? What is he doing with those people? "

Answer:
(1) Bob tells new money to either get in at a price like
below 1450 or average in.
This is for 401k, 403b, etc
I guess he could tell people to wait a few years for his
next MAJOR buy, but that would be bad advice.IMHO
(3)His Last major buy was March 11, 2003. He did not give a
major sell yet. That is why I pay for his newsletter not
try to listen to "boards" about what Bob Brinker is saying
or not saying. He has some "haters" who pass on false info
IMHO.
(3)At far as telling people to add at 1450, hey! That was the
up trend for years. And fair advice(IMHO) until the trend ended.

[JLS]

"What about last year when he said to add on any dip below to 1450 or under?"

Brinker's newletter is written for long-term investors, and he only recommends major Sells when he sees a long-term market top; which preceedes a Bear market.

I don't subscribe to his newsletter any more, but I think he considers the current market a deep correction, and not a Bear market, because any S&P drop (from last October closing highs) greater than 20% hasn't held for more than a few days. He uses corrections as buying opportunities, so there is some method to his madness, so to speak. If it's a big correction, he calls it a Gifthorse buying opportunity. I think his current Buy level is S&P 1300 (or very near there). He only uses closing prices, so 1300 would be the touch of an S&P 20% decline. Apparently he continues to believe S&P wont drop below that level for more than a few days.