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Strategies & Market Trends : Ultra OTC Fund - UOPIX
UOPIX 141.28+5.2%Nov 24 4:00 PM EST

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To: James F. Hopkins who wrote (768)10/26/2000 10:56:51 AM
From: OldAIMGuy  Read Replies (1) of 2063
 
Hi JFH,
here's how the best/worst index values changed
in just one week:

DATE BEST/BEST WORST/BEST BEST/WORST WORST/WORST
10/13 +325.6% +61.7% -45.0% -74.7%
10/20 +234.1% +46.3% -54.4% -84.7%

On 10/13 the sum was +267.6 which would be very bearish.
On 10/20 the sum had dropped to +141.3, still bearish,
but not by nearly as much. If the trend continues this
week, we should be back in the neutral area. Here's the
three year graph of this index
aim-users.com
It's doctored and smoothed with exponential moving
averages, but it generally tells the story. Note that
massive speculation peak in the early part of this year.
It coincides nicely with the peak of the "bubble" in March.

Best regards, Tom
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