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Monday, December 24, 2007

Bob Brinker's Mid 1400's Buying Opportunity

As we review the charts, it appears Bob Brinker's advice to dollar cost average "new money" into the market with prices in the "mid 1400's" attractive for lump sum purchases will work out well if the Santa Claus Rally takes us back into the 1500's.
Click chart to see full sized version courtesy of stockcharts.com
Honey's Bob Brinker Beehive Buzz reported:

In July, 2007 Marketimer, Bob Brinker predicted a "move into the S&P 500 Index 1600's range as we move forward....."
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In August, 2007 Bob Brinker said: "We rate the stock market as attractive for purchase on weakness that occurs in the area of the S&P 500 Index mid-1400's. Above that level, we recommend a dollar-cost- average approach."
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Brinker repeated the "mid-1400's" buy signal in September, October, November and December.

Friday's close of 1484.46 was above my definition of "mid 1400's" or 1420 to 1480.


Click chart to see full sized version courtesy of stockcharts.com

Your mileage may vary, but investors had several opportunities to buy under 1450 with the S&P500 hitting 1435.65 intraday in December 2007 after hitting 1406.10 in November.

I hope you did your "Christmas Shopping in the mid 1400's" and unwrap stocks at higher prices in the coming happy new year!

Merry Christmas Everyone!



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