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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Ken Brown who wrote (801)	9/7/1998 12:54:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

Ken,re:slipping new high date I recall in an earlier correction that threatened to go to intermediate status I thought Bob said something like while an intermediate correction extends things out it can have the effect of prolonging the bull market. If that might be what he is thinking that would account for pushing the dates out while remaining very bullish though he did not explicitly state this over the weekend Marc

To: Ken Brown who wrote (801)	9/7/1998 8:37:00 PM
From: Justa Werkenstiff	Respond to of 15132

Ken: Your instincts are right. Brinker may have pushed out his dates for reaching new record highs in all the major indexes. This past weekend, Brinker said we would se all new highs "by next year." So what does this mean? Well, in response to a question about seeing new highs by the end of this year with DOW at 9300 plus per Abbey Cohen, Brinker said he would be surprised if this were to happen. So Brinker must not mean by January 1, 1999. So "by next year" he must mean into 1999. He did not say by the "end of the winter season" or give any time frame for when new highs might be seen in 1999 this weekend so I do not know if this has changed or whether he has just neglected to to add the winter season stuff. Maybe his newsletter will straighten this out. But we should all remember that since we are in an intermediate term correction, these things by Brinker definition can last six weeks to six months. Maybe this is why Brinker may have pushed out his new high projections. I really think it is a crap shoot in guessing how long this thing will last given the amount of issue overhang.