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

To: Dave Kahn who wrote (9020)	2/21/1999 12:43:00 AM
From: Diamond Jim	Respond to of 42834

Here is a comment on the show from the Brinker website. bobbrinker.com

To: Dave Kahn who wrote (9020)	2/21/1999 7:39:00 AM
From: Boca_PETE	Respond to of 42834

David K: re:< can you give a up or down comment? > Summing it up > Down, then up to challenge 10K later in the year. My recollections of the salient points from yesterday's program are: No change in BB's outlook for the market. Current pullback too little to qualify as a bona fide "health restoring correction". Relief rallies will occur. Market breadth (advances vs. declines) has been pitiful (Imho, so has daily volume and New Highs vs. New Lows). Expect correction to resume. Ultimately, expect -10% from highs on DOW & S&P - down more for the volatile NASDAQ. If indiscriminate selling develops as a result of exogenous events (ie. Brazil, Russia, whatever), major averages could see percentage declines from highs go to the mid-teens. After the correction bottoms (presume we'll need a successful low volume test of such bottom), BB expects way will be cleared for a challenge of the DOW 10,000 level. NO BEAR MARKET anticipated AS OF NOW, BUT expect a Major Bear Market (-20% to -40 plus %) somewhere down the line that will take no prisoners. At that time, all the new day traders will be running back to their previous day jobs that they recently quit for "the easy life" and Mr. Market will demolish New Era Thinkers that have come to expect 18.5% annual returns. P