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


To: mister topes who wrote (8251)10/7/1998 4:07:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 42834
 
don, i'm not into ta and bouncing off this or that. i'm interested in macroeconomic news. if global deflation hits the usa then the news right right now will be seen as relatively euphoric.



To: mister topes who wrote (8251)10/7/1998 9:35:00 AM
From: Cynic 2005  Read Replies (2) | Respond to of 42834
 
<<Brinker has this bottom nailed absolutely at Dow 7500 and these retests have killed the bears who have completely failed to record new lows as they are relentlessly turned back by the bulls on the retests. >>
It ain't over until it is over. I am sure some weak-heart bears and day trading bears have lost a lot. But don't deny the fact that a lot of longs, momentum traders got decimated also. Of course, most losses, thus far, appear to have hurt only the people who went long at the beginning of the year and at the peak in April and July. But, beneath the surface things aren't that great. FYI, I am a bear who didn't get killed. At least not yet. I have been making decent gains with my bearish positions since early 1997.
-MMV
PS: One more time I want to go on record against Brinker's call. Here is a prediction - the lows you claimed to hold will be taken out by October 20. Possibly before this time next wednesday the 14th of October. NASDAQ will get trounced in the mean time as well.



To: mister topes who wrote (8251)10/7/1998 11:55:00 AM
From: DD™  Respond to of 42834
 
don:

I am a HUGE Brinker fan!!

That being said, Bob is only human, and he is not going to call every market bottom correctly.

The same things he said about testing of the benchmark lows now, he said at DOW 8600.

I am very wary of this market, and watch it on a daily basis to find clues as to where it might be headed.

Caution is in order here!

DD



To: mister topes who wrote (8251)10/7/1998 2:48:00 PM
From: Diamond Jim  Respond to of 42834
 
Don Lane wrote:
"August 31 Dow close of 7539 has held like a rock as has S & P 500 August 31 close of 957."
++++++++++++++++
The rock called SPY is starting to crumble S & P 500 is at 960, volume of 9.6M is still well below Aug 31's(22.6M), 1:15 left to the closing bell.

Let's hope for some bargain hunter buyers.

jim



To: mister topes who wrote (8251)10/7/1998 4:14:00 PM
From: Greg Butcher  Respond to of 42834
 
Don your silence to my last post speaks volumes..I think Bob is so drunk with power that he can't admit he missed the sell signal a thousand points back.



To: mister topes who wrote (8251)10/7/1998 5:13:00 PM
From: Shane Venem  Read Replies (2) | Respond to of 42834
 
The Dow is the front door on a facade that masks a bloody mess. The bear came in the back door and cleaned out damn near every cupboard. The bear is having his way with this market. It's really too late to deny it.



To: mister topes who wrote (8251)10/7/1998 8:10:00 PM
From: donss  Read Replies (2) | Respond to of 42834
 
Don,
I also am a Brinker fan and agree that Dow 7539 is holding. However the Nasdaq has me worried, it just hit a new 52 week low today both intra-day and closing. This violates some of the "benchmark lows" that BB mentioned in past shows. Its starting to look like we will go lower on all averages.

What do you think,
Don Smith



To: mister topes who wrote (8251)10/8/1998 10:57:00 AM
From: Kirk ©  Read Replies (1) | Respond to of 42834
 
I agree. DaBrink seems to be right on! once again.
suite101.com
Staying out of Japan was sure wise too. (and Russia.....I remember his warnings about ONLY 5% in total emerging markets rather than chase returns in Russia)

Funny how some have such selective memory rather than the skill to look at the total picture of good, overall financial advice.

Kirk out