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

To: Diamond Jim who wrote (6245)	7/28/1998 9:51:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 42834

I catch Brinker on occasion now and I believe I heard that 8500 figure a few weeks ago too. The real concern soon to surface is YK2--no one knows. That is not good. Today Governor Tommy Thompson of Wisconsin called for a commission to study the problem with regards to the Badger State. Things seem to be heating up. --Alan pqe…®_

To: Diamond Jim who wrote (6245)	7/29/1998 12:03:00 PM
From: wooden ships	Read Replies (2) \| Respond to of 42834

Jim- In re: "... on the dow 30, I think BB may have said 8500, but I know S&P 500 he said 1050. This was said on his radio talk show a few weeks ago." If memory serves, Brinker opined, during the weekend past, that any market correction would not exceed a 10% downdraft from the highs. According to Yahoo statistics, the DJIA recorded its recent high at 9367; the S&P 500 at 1190. Therefore, a maximum 10% cor- rection from those levels would yield 8430 for the DJIA and 1071 for the S&P 500. Parenthetically, as noted, Brinker also maintained that the markets, as measured by the major averages, would seek new highs "during summer or autumn." Nota bene: Amendments or adjustments to the former scenario outlined by Commander Brinker last weekend are welcome from those whose recollections are sharper than mine. In particular, was Brinker referring to the DJIA alone when he posited a maximal 10% correction at this juncture? Postscriptum: Welcome back to the thread, Bob Brinker, Jr.!