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

To: Thomas M. Carroll who wrote (4905)	5/10/1998 8:02:00 PM
From: Surfer	Respond to of 42834

Tom: In one of the callers question about the possibility of a break out to upside, Bob responded as two possibilities ( with my own words): 1. A downside correction could continue, but contained within 10%. 2. Make a new high and then continue the trading range of within 10% downside. He does not see, 10,000 Dow this year. I didn't listen to the whole program. So, anyone out there, correct me if any. Thanks,

To: Thomas M. Carroll who wrote (4905)	5/10/1998 8:41:00 PM
From: stock bull	Respond to of 42834

<<Just received a brochure from Charles Schwab. They're projecting an S&P of 1200 for 1998 which (if my math is correct) is a DJIA of 9800.>> Thomas, I believe that you got your information from the Argus Update report that Schwab includes with their monthly statements. The report said "...As a consequence, we are boosting our 12-month target price on the S&P 500 to 1200." This really is not a 1998 target, however, it could hit 1200 this year. The S&P at 1200 would infer a DOW at 9792, or 9800 as you posted. Lets hope we reach these levels without having to go through a 5 to 10% correction. Stock Bull