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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 (7170)	8/27/1998 12:29:00 PM
From: Trebor	Read Replies (2) \| Respond to of 42834

So anyone buying right now?, it's tough to do it but I am eyeing SPY at 105< If I hadn't already plunked my money down, I'd be in there with you. Keep the faith.

To: Diamond Jim who wrote (7170)	8/27/1998 12:38:00 PM
From: wooden ships	Read Replies (2) \| Respond to of 42834

Jim: If Brinker thinks that the territory below DJIA 8650 and S&P 500 1090 (this last as specified on MoneyTalk three weeks ago) is a buy, then the current levels must logically be seen as "a raging buy." That being said, with the DJIA currently at 8222 (as of this writing) and unless the market stages a power- ful late day rally, it could be that Brinker's vaunted "bench- mark lows" will have been summarily violated. These benchmark lows were given by Brinker as a DJIA 8362 intraday low of 5 August 1998 and a DJIA 8487 closing low of 4 August 1998. Would a close today well below the so-called benchmark low area demand a re-appraisal of this market? For what it's worth, my own sense is that exogenous factors such as a possible impeachment or resignation by the devil we know(Clinton) and the assumption of power by the devil we don't know(Gore) are adding measurably to market uncer- tainty at this juncture. Combine this with the flogging underway of critical money center banks due to the Russian implosion, the possible assumption of power by anti-reform hard-liners such as Russian Gen. Lebed (q.v.) Message 5510702 the unexpected severity of the Asian meltdown, and the im- pending Y2K problem and its attendant effects to complete the arcana of uncertainty.