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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 (6872)	8/15/1998 8:51:00 AM
From: DD™	Respond to of 42834

Taken from this weeks Barrons.. Bob Brinker's Marketimer P.O. Box 229, Irvington, N.Y. 10533 AUGUST 8 ~ For the first time since January, when the Dow Jones Industrial Average slipped briefly below the 7500 level, the stock market has the potential to present investors with a buying opportunity. In our view, such an opportunity would occur on any DJIA weakness below the 8650 level, or any S&P 500 Index weakness below 1100, which translates into weakness below 110 on Spiders, which trade on the American Stock Exchange under the symbol SPY and serve as a real-time vehicle for investment in the S&P 500 Index. We view recent short-term market weakness as a typical bull-market pullback as nervous investors take profits. -BOB BRINKER

To: Boca_PETE who wrote (6872)	8/15/1998 2:22:00 PM
From: stock bull	Read Replies (1) \| Respond to of 42834

Pete, DOW 8390 would be wrong with respect to the fact that the following may happen: 1)Investors could buy at lower prices than Bob recommended. 2)Worse than (1), the market is correcting more than Bob estimated, and the question is...are we now going into an interim correction of 10 - 20%, or has the bear taken over? What a mess, the U.S. economy still doing great...however, the foreign markets are sure working hard to screw things up. Of course, the foreign markets being Japan, Asia, and now Russia. If you don't mind sharing your investment strategy with us, how do you plan on "managing" this downturn? Stock Bull