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

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To: fuzzymath who wrote (9826)	1/4/2000 10:28:00 PM
From: OldAIMGuy	Read Replies (1) of 18928

Hi Kevin, Thanks to Mr. Lichello, many of us will be sleeping like newborns tonight (wet the bed and wake up crying!). :-) Actually part of why AIM's so much fun is that we get to enjoy both down trends and uptrends. One puzzle I've not discerned yet is why the Value Line P/E has been dropping to its current level while many of the other indexes are posting higher and higher P/E values. This week the Idiot Wave is showing High Risk again. This is the third week now and yet only two of the components are showing bearish signals. However, both are way above where they should be. Maybe today's action will curb some of the speculation. The savings and loan division of Veale's Equity Warehouse looks like it's going to have to make sure it has plenty of loan reserves. Amazing how everyone must have been saying, "I'll wait until the new year to take some profits. I'm already paying enough tax this year." What I can't believe is that they all decided to take profits on the same day!!! Best regards, Tom

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