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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote ()8/14/1998 9:18:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
** The Brinker Three Percent Rule **

Hey, Mr. Green Jeans why can't I be the first poster here on the thread <GGG>. Welcome aboard.

Hey Lars, where are you? Wake up, we are on-line.

The market has recently undergone a correction. Last weekend, Brinker discussed his goal for calling "buying opportunities". In the past, he has attempted to call market bottoms "within approximately three percent" of his trigger price level. In July 1996, Brinker called for the market as a buy anytime under DOW 5400. Well it got within less than 1% at 5351. That was very, very close to a direct hit. But don't always assume he is going to nail it on the button as the market has no brain. Brinker regards anything within 3% range as a direct hit. In April 1997, Brinker came within about 2% of the DOW 6600 buy point by going under 6500 for several nights and one night it got into 6400s.

Brinker has identified a buying opportunity at DOW 8650. He has identified the benchmark lows in this correction at intraday DOW 8362 on Wednesday August 5, 1998 to Tuesday's close at 8487 on August 4, 1998. So to come within 3%, Brinker is probably looking at a DOW closing low of 8390 within the range of possibilities.

Hey Lars, what happens if he is 1% off? LOL.
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