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

To: Ken Brown who wrote (6617)	8/10/1998 12:26:00 AM
From: wooden ships	Respond to of 42834

Ken- In re: "Brinker gift horse." Your point is taken. Thank you kindly for the emendation.

To: Ken Brown who wrote (6617)	8/10/1998 7:16:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

Ken: In re: "...Bob reserves that term(gift horse) for particularly undervalued buying situations. This is most certainly not such a situation." Not to beat a dead gift horse, however, as a point of information, can you or anyone else tell me what the difference would be between a Brinker "gift horse buy" and a simple "buying opportunity" vis a vis the long investor? If I understand Brinker correctly, in both of these cases, Brinker adherents are given the green light to purchase the overall market all hallow, i.e., without the employment of dollar cost averaging. In addition, how can Brinker or anyone else for that matter discern a "'gift horse' buying opportunity" except in retrospect? If the market proceeds to DJIA 10,000+ hence, will not this Brinker in- spired buying signal at below DJIA 8650 be thereupon judged as another vaunted gift horse sighting? You are most emphatic in your statements. I admire and often learn from those who are so sure and confident of their notions. Can you tell me, therefore, to what level you think we are going in this market on the DJIA, S&P 500, and Nasdaq index given your unambiguous declaration this is not a "particularly undervalued" market? I am thinking it might be a good idea to adjust my port- folio accordingly at those price levels.