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

To: Boca_PETE who wrote (2087)	11/10/1997 9:22:00 PM
From: mister topes	Read Replies (1) \| Respond to of 42834

It appears you are confusing this volume issue by mixing the notion of absolute volume with relative volume. The volume on the October 27 benchmark low trading day that Brinker as described frequently on Moneytalk was 685 million shares despite the fact that the market was closed from 2:35 pm to 3:05 pm and from 3:30 pm to 4 pm. This is the number to watch because it is the volume on the day of the benchmark low of S & P 500 877 and Dow 7161 and Nasdaq 1535. Should any subsequent test of the lows develop in the sessions ahead, any volume below this 685 million share level would qualify as a lower volume test and obviously the lower the better as this clearly demonstrates the lack of selling pressure during the testing process. Thats that.

To: Boca_PETE who wrote (2087)	11/12/1997 6:14:00 PM
From: dougjn	Read Replies (1) \| Respond to of 42834

I predict BB will start hedging re: retesting lows this weekend. He has priviously said doesn't believe we will go much, or significantly, below the Monday Oct 27 lows. We will start hearing about the Tuesday intraday lows, and/or an expansive version of what significantly below, or significantly more than 10%, means. This is not to knock BB. Things are changing. It wouldn't surprise me too much, actually, if he said just that. Anyway, over the last month, I have taken lots of profits. Am now 80% cash. (Was on Margin until Oct 13 to excellent effect. The intel jitters clued me in.) Ready turn on a dime and jump back in. Right about now, cash seems very profitable, what with the opportunities springing up. Regards, Doug