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: Boca_PETE who wrote (2860)	1/17/1998 9:08:00 PM
From: wooden ships	Read Replies (2) of 42834

Today Bob Brinker reiterated his all out bullishness and congratulated "those thousands of listeners", in his words, who were perspicacious enough to pounce on a DJIA testing the $7400 "inflection point" Monday last (actual intraday low: $7443). Though Brinker admits the possibility that the market may test the general vicinity of $7400 in the next week or so, he remains convinced that the DJIA will seek new highs this spring (minimum $8300) whilst carrying the S&P and Nasdaq with it. A fair number of callers avowed their success in piling into AMEX Spyders at the $91/$92 level Monday past (currently, $96). Separately, Brinker spent time expounding on the strong likelihood that the Japanese Nikkei average appears to have formed, over the past years, an extremely bullish "triple bottom" in the 14,000 yen range, the last of these triple bottoms culminating this week past. Brinker may have shocked certain of his audience by announcing, in seeming dramatic fashion, that he is "out of Intel completely." Mr. Brinker opines that, for the foreseeable future, investment in Intel represents "dead money." Tuesday's opening of Intel may prove interesting.

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