Bob Brinker: Market Savant & Radio Host Message Board

To: Investor2 who wrote (1804)	10/23/1997 10:39:00 PM
From: mister topes	of 42809

Just for the record, here is what actually happened with Elaine Garzarelli's disastrous sell signal in July of 1996. She issued the sell signal on the exact day of the correction bottom at Dow 5350 on July 23. She remained bearish as the market soared straight up through 5500 then 6000 then 6500 and as it neared the 7000 level early in 1997 she did an about face and said she was wrong to be bearish and wrong to have issued her famous sell signal at Dow 5350 and did a complete one-eighty and issued a buy signal near Dow 7000! Now she is saying the market is in a trading range of Dow 7000 to Dow 8500! Do people actually pay real money for this advice? A weather forecast of partly sunny with possible showers is worth more than Elaine's "intelligence".

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