Bob Brinker's bottom according to what Mark Hulbert wrote in his article this morning. Here is an excerpt:
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"Technical support for the idea that the correction's bottom has been seen comes from the market's diminished trading volume in recent weeks. Bob Brinker, editor of Bob Brinker's Marketimer, the newsletter with one of the best market-timing records over the last two decades, explained why in the March issue of his newsletter, published earlier this month:
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"The process of establishing a stock market correction bottom has unfolded in text-book fashion over the past two months. This process involves the establishment of an initial closing low, followed by a short-term rally, followed by testing of the area of the prior established closing low on reduced trading volume ... The correction bottoming process (over the past few weeks) has seen a significant reduction in selling pressure in the vicinity of the Jan. 22 closing low. This is a very important aspect of any successful test.""
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http://www.marketwatch.com/news/story/did-monday-mark-low/story.aspx?guid=%7B54502584%2D96C2%2D472D%2DBA1E%2DC8877BF40609%7D&siteid=yhoof
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Honeybee adds this perspective:
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January 4, 2008 Marketimer, Page 3; Paragraph 1; Brinker said: “In summary, the Marketimer stock market timing model indicates that conditions are favorable for the market as we enter 2008” …….we continue to rate the market attractive for purchase on any weakness into the S&P 500 Index mid-1400’s range."
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February 4, 2008 Marketimer, Page 3; Paragraph Brinker said: "We recommend a dollar-cost-average approach for new stock market investing at this time. There are no changes to our model portfolios." (Honeybee EC: model portfolios 100% invested.)
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March 4, 2008 Marketimer, Page 3; Paragraph 5; Brinker said: “We rate the stock market attractive for purchase on any weakness that occurs in the area of the S&P 500 Index low 1300’s, or any minor weakness that occurs below that level.”
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