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

To: pride who wrote (7063)	8/22/1998 5:21:00 PM
From: Mannie	Read Replies (2) \| Respond to of 42834

I have rarely heard Bob so enthusiastically bullish, as he was at the beginning of today's show. He began by ripping all the perennials bears, and then he went on to say that people are not going to believe how the market will rocket to new highs.

To: pride who wrote (7063)	8/22/1998 5:22:00 PM
From: MrGreenJeans	Read Replies (2) \| Respond to of 42834

Pride In the strongest terms I have heard since mid-January Bob has said on today's show ALL THE INDEXES ARE GOING TO RECORD HIGHS in 6 to 9 months. He said it sincerely, with conviction, and with no doubt in his voice. Classic Bob!

To: pride who wrote (7063)	8/22/1998 5:49:00 PM
From: wooden ships	Read Replies (3) \| Respond to of 42834

pride: In his opening monologue, Brinker chastised the prominent bears all hallow for their miserable record. Paying particular attention to Friday's market, Brinker noted that the CBOE in- dividual stock put to call option ratio peaked at 1.27 that day, i.e., 127 puts purchased for every 100 calls purchased. Such a reading, is, per Brinker, only seen "once or twice over a ten year period." This ratio, a contrary indicator, normally averages about 0.50 (considered neutral) or 50 puts for every 100 calls. Thus, Brinker expressed no surprise at the market's exceptional reversal from the nadir of its precipitous decline on Friday last. Brinker cited the "awesome 15 year cumulative advance/decline oversold figures we have been seeing in the Nasdaq" as "further confirmation" of Brinker's major buying opportunity for 1998, announced of late. Brinker also finds great solace that the "market's benchmark lows" have held in the midst of this on- going August correction testing period. These were DJIA 8362 intraday low of 5 August 1998 and DJIA 8487 closing low of 4 August 1998. "Subsequent to that, the lowest close in the Dow (DJIA) came on August 14 at (DJIA)8425... smack in the middle of the projected benchmark low range."