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Strategies & Market Trends : Ultra OTC Fund - UOPIX
UOPIX 117.58-2.8%Feb 5 4:00 PM EST

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To: John who wrote (2005)7/25/2002 12:00:35 PM
From: OldAIMGuy   of 2063
 
Hi John, Well, the Idiot Wave has finally sunk into the Low Risk range on the raw data. We're still about 3 points high on the smoothed line, however. I don't see anything at this point in the current week's statistics that should drive it up so chances are we'll be low risk overall next week.

If so, I plan on implementing my strategy of switching from the relative safety of the long term bond fund (ACG) back to UOPIX. I'll not be moving all the money, but half will be committed to UOPIX and AIMed with a 33% cash reserve to start.

Low risk events on the IW usually are followed by broad market rallies of about 15% to 25%. So, UOPIX should benefit from such a period. Also, low risk events usually are followed on relatively quickly by a knee jerk blast back to high risk (at which time I'll bail out of the remaining UOPIX position and go back to ACG).

If the market were to settle out in the average risk range, I'll eventually switch to QQQ and AIM it.

Here's the latest report and graph of the IW:
aim-users.com

Best regards, Tom
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