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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (2032)	11/9/1997 12:07:00 PM
From: Alan Whirlwind	Respond to of 42834

DD & I2: Thanks for posting about the situation behind Truman's absence. I don't catch every message here but happened to run across yours today. You know I actually figured Truman was probably out on a grand tour of Europe or big game hunting in the Kalimantan or some such. Hey Truman, best of wishes on your recovery! Adopting a line from a beer commercial with my favorite actor, "We love you man."

To: Investor2 who wrote (2032)	11/9/1997 2:39:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 42834

I believe it is +/- 2% to 3%. But more importantly, if it is in the -2 to -3% range, it has to be on low volume (I hope I am quoting Brinker correctly). My own reasoning is that a high volume could imply a sell-off leading to a more serious downturn, and therefore, it is better to be on the sidelines in such a situation... Dipy.

To: Investor2 who wrote (2032)	11/9/1997 4:37:00 PM
From: Tim Bagwell	Read Replies (1) \| Respond to of 42834

Does this mean ñ3%, which would correspond to a DJIA range of 6950 to 7375? It wasn't clear from the remarks made on Saturdays show but based on piecing different remarks together I would interperet it as 2-3% on the high side. Since Bob does not expect a decline of more than 10% anything below 7161 is really starting to strain that theory. Bob also made the remark that he felt the 7161 low was fed by some panic selling after the first circuit breaker was triggered. He feels that the excess drop below about 11% or 7340 was because of panic and should not be factored into the targets. So he's giving himself a 2-3% window to help account for this effect. So my take on this is that any close between about 7161 and 7340 would be considered a successful retest. I believe it was also Bob that cautioned that this retesting could occur more than once.