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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 (7192)	8/27/1998 4:33:00 PM
From: Boca_PETE	Read Replies (4) \| Respond to of 42834

stock bull: RE:<lowest DOW figure that we should see is 8650*(1-.03)=8390.50> No matter how you cut it, looks like Brinker's 3% rule was violated today. I was my understanding that the 3% is calculated on the benchmark low, not the buy level (I could be wrong). Given the above, it appears to me we're in our first "intermediate term correction" since the DOW declined to the 6400's from the low 7,000's. (ie. minus 10%-15%). I remember at that time Brinker became even more bullish - expect that's what we're going to hear on Saturday's program, unless he's off golfing (God forbid). I gotta believe he was in there buying SPY on margin all day long today. Tomorrow, my guess is the market ends UP, not down. Now say "Goodby Boris" P