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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Boca_PETE who wrote (6872)8/15/1998 8:51:00 AM
From: DD™   of 42834
 
Taken from this weeks Barrons..

Bob Brinker's Marketimer
P.O. Box 229, Irvington, N.Y. 10533

AUGUST 8 ~ For the first time since January, when the Dow Jones Industrial
Average slipped briefly below the 7500 level, the stock market has the
potential to present investors with a buying opportunity. In our view, such an
opportunity would occur on any DJIA weakness below the 8650 level, or any
S&P 500 Index weakness below 1100, which translates into weakness below
110 on Spiders, which trade on the American Stock Exchange under the
symbol SPY and serve as a real-time vehicle for investment in the S&P 500
Index. We view recent short-term market weakness as a typical bull-market
pullback as nervous investors take profits.

-BOB BRINKER
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