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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: D VanSwol who wrote (4674)	5/12/1998 3:21:00 AM
From: Bruce A. Bowman	of 18928

Hi Dennis- There's a system similar to AIM described by Robt. Weist in his book on scale trading. The "scale" is the interval of the pre-planned trades. The scale is set to span the lower 1/3 of the historical trading range of the underlying commodity. Buys/sells are all LIFO. The historical range suggests the required cash reserve in a similar way to what the Idiot Wave does, i.e. the higher you are in the range, the higher the risk. The cash reserve is well defined by the range. I used to see the book advertised in TA of Stocks & Commodities and will check to see if it's still there (for whatever reason, probably aging brain cells, the title isn't coming back to me at the moment). Weist had a rather impressive actual trade history that averaged 35%/yr., but like AIM requires deep pockets. Bruce

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