Will Bob Brinker Ever Again Get a Handle on the Stock Market?

Over this past weekend, Bob Brinker told a 32 year-old caller on Moneytalk that dollar-cost-averaging 100% of his investment money into the stock market is a "fine policy." However, in the March 5th issue of Marketimer, for the first time in years, Brinker did not recommend dollar-cost-averaging.

Basically it looks to me like "all bets are off" for now with Brinker's market-timing forecasts. Due to the fact that the November lows did not hold -- like he was convinced they would, he's returned to looking for a new market bottoming process.

Brinker said that a sequence of events will need to happen before a new bottom will be established, including an initial closing low, a short-term rally, then a test in the area of the initial closing low on reduced selling pressure.

So what has the S&P 500 Index done since Brinker said he was looking for another new bottom and removed his latest all-new-money-in buy-level (low-to-mid-800's)?

WEDNESDAY UPDATE:

THE S&P HAS NOW RALLIED 19% OFF ITS LOWS and ENDS DAY AT 794!!

[Thursday: S&P dropped 10 points to 784.]

Dixiegeezer sent this beautiful picture of manatees swimming -- nope, not rocks. 8~)

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