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

To: stock bull who wrote (6939)	8/17/1998 8:20:00 PM
From: MrGreenJeans	Read Replies (1) \| Respond to of 42834

Stock Bull <<Lets see what happens over the next few weeks. >> Those that wait around often do not partake in the profits. One must have a conviction and act on it to make money and not wait to see what happens. Waiting to see what happens costs one money.

To: stock bull who wrote (6939)	8/17/1998 8:32:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

Stock Bull and all: There are doubtless many Brinker adherents who have lately positioned themselves for Brinker's predicted new highs in the market come winter after a sloppy August. In this vein, it would appear that Brinker's 8/8/98 prognosis for an August market testing its recent "benchmark lows" is holding true to the telling as of this writing. Given Brinker's extra- ordinary track record and the avowedly uncanny success of his market timing model in the identification of buying opportunities within the framework of an overall bull market, some would say that it smacks of limitless folly to place bets against him and his divinations. In any case, the following historical post may be worth the reprising. Begin Sunday, Aug 9 1998 4:03PM ET Reply #6594 of 6939 Tom: On Saturday, reciting a raft of statistics, Brinker catalogued the historical case for buying opportunities presented in election years in the middle of a presidential term (as is A.D. 1998). Brinker concluded, "Off presidential election years have, almost with scary regularity, produced buying opportunities. It's my contention that that (the recent market correction) is what we just saw; that we have now established benchmark areas of the low, as I have defined earlier, and if I am right about my projections on this, then King Ralph, king of the bears(who issued a bear market sell signal this week at DJIA 8487), is going to be eating crow down the road." During the course of Saturday's colorful and crucial broadcast, Brinker reminded us that he thought the market would be testing the benchmark lows established this past week. To wit, "Once we get through any residual testing of the benchmark lows, I would say that we are going to new highs in the months ahead following that, and I would expect that means the Dow(DJIA) is going to go above 9500, and that the S&P 500 is going well above 1200, and the Nasdaq is going above its old high of 2014, as well.... From my point of view, I think we are in really good shape. One of the things I like about this short term correction is that it was so badly needed.... The Nervous Nellies have to be shaken out. The people who don't even know what they own, they buy stocks because they are guaranteed 30 per cent a year, or so they think, the new era thinkers, the new paradigmers-- these people had to be shaken out. It's like shaking a tree and watching the rotten apples fall out." Brinker then opined that the market would likely undergo "some testing (of the recent lows) during the month of August" rather than fashion a "V-shaped" snapback End

To: stock bull who wrote (6939)	8/17/1998 10:58:00 PM
From: mister topes	Read Replies (2) \| Respond to of 42834

Lower volume during the probing and testing of the lows process is an essential and necessary ingredient to the completion of the bottoming process. This is a good thing in the development of a real bottom, not a bad thing. During August, as predicted, the bottoming and testing process within the benchmark low range of August 4-5 remains solidly on track. And so far, the lows are within 2.6% to 3.38% of the buy trigger levels. So far, so good.