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

To: wooden ships who wrote (5301)	5/31/1998 4:53:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

The bad new is that those who put their faith or abide their com- placency in the much vaunted four week moving average sen- timent indicator will be disappointed with Brinker's declaration that the Investors' Intelligence one week bullish sentiment reading of 70.1%* some little while ago heralded, in no uncertain terms, the current correction in the markets (down 3.5% from the peaks in both the DJIA and S&P 500 with the Nasdaq off 7% from its closing high). The good news is that Brinker interprets the ongoing retrenchment in the market as only a "short term correction" from the closing S&P 500 highs achieved on 22 April 1998 and recommends holding a portfolio dedicated to "quality companies." * According to Brinker, readings of 70% or better in the Investors' Intelligence market sentiment indicator are, contrariwise, not deemed bullish.

To: wooden ships who wrote (5301)	5/31/1998 6:07:00 PM
From: wooden ships	Read Replies (2) \| Respond to of 42834

In re: Y2K<> Bob Brinker is recommending the following book written by a hallowed computer expert and his daughter, which book is entitled Time Bomb 2000 by Edward and Jennifer Yourdon. To recall it, this tome of 415 pages is published by Prentice-Hall. "Preserve or obtain hard copies of all financial records and statements up to 31 December 1999," is the sobering advice offered by our Star Ship Commander . Brinker also mentioned that the effect Y2K will or won't have on the markets is "too early to tell." Brinker also introduced three additional and potential computer problems thus far receiving little attention in the press or else- where. 1) 22 August 1999 ...Global Positioning Satellites are "rolled over." This could affect both banking and guided missile com- puter systems, to name only two, per Brinker. 2) 9 September 1999 ...Since "999" ordinarily indicates "end of file" in computer language, the similarity of the date (9/9/99) and the end of file command could wreak some havoc in computer systems. 3) 29 February 2000... This is a leap year, according to the re- forms instituted by Pope Gregory anno Domini 1582.* Brinker cited possible problems for "legacy applications." Century years evenly divisible by 400 are leap years; the rest are not. Hence, A.D. 2000 will be a leap year. By this reckoning, though A.D. 1896 qualified as a leap year (evenly divisible by 4), A.D. 1900 did not mathematically qualify as such (evenly divisible by 4, but not by 400). Flash!* Brinker predicts that Intel Corp. will open on Monday at a price lower than Friday's after-market close of $71 7/16.