Market Update & Follow-Through Day Definition

Bob Brinker liked the market for lump sum purcase in the "mid 1400s" and again in the "low 1300s." The markets are currently in the "high 1200s" so he must really like them now for purchase.

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More Brinker related charts below

From Bob Brinker According to Mark Hulbert by Honeybee:

• 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."
  
  February 4, 2008 Marketimer, Page 3; 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."

Follow-Through Day

Every bull market starts with a follow-through day. But not every follow-through day triggers a new bull market.

Definition of Rally Follow-Through Day

• Many pundits on TV are saying we failed to have a follow-through day today because the markets went down. They are wrong according to Investors Business Daily or IBD. IBD says we have to wait for the window to open for a follow-through day.
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• For a follow-through to occur, you want it to land between Day 4 and Day 7 of the attempted rally. On any one of those days, you're looking for one or more of the major indexes -- the Nasdaq, S&P 500 or Dow -- to rise 1.7% or more in higher volume than the previous day.

The article shows charts and gives more information on what to look for in a follow-through day.

MORE CHARTS

QQQQ:


TEFQX: This is Bob Brinker's Business-to-business (B2B) internet fund recommendation in Feb 2000 Marketimer that he continues to have on HOLD.