Bob Brinker: Market Savant & Radio Host Message Board

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

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To: marc ultra who wrote (1916)	10/28/1997 11:49:00 PM
From: mister topes	Read Replies (4) of 42834

Well, so far so good for Brinker's analysis of the October swoon. He told his KGO listeners during an interview late Monday that the market was very close to establishing its lowpoint for the initial downleg and sure enough the Dow 7161 and S & P 500 877 levels established Monday night are looking very significant. His next prediction, a sharp short term rally that would probably fail during this week appears to be solidly in place as the market retraces a portion of the prior decline. That would set up his third phase, a test of the Monday night lows on reduced trading volume in the period ahead with a possible buying opportunity developing on the testing phase. Should be quite interesting! Thanks bob for giving me a market roadmap to traverse! Who says market timing isn't helpful. I bought the Spiders at the Tuesday morning low and made a killing all in one day! :)

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