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Technology Stocks : Jabil Circuit (JBL)
JBL 213.73-0.6%Nov 7 9:30 AM EST

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To: Asymmetric who wrote (5800)4/25/2001 12:35:23 PM
From: OldAIMGuy  Read Replies (1) of 6317
 
Hi Peter, Since the beginning of the year I'd expected that
we'd see just a lot of churning around in the market. The
Feb/March slide was much worse that I would have guessed.
Being essentially tapped out of Cash Reserves now I can do
nothing but pick off the occasional LIFO gain that comes
along from my latest accumulations.

The Sector Rotators haven't had much luck for very long
this year. Money's moving quickly and with very little LT
commitment. Everyone seems to be hoping for some
leadership, but with economists still talking about several
quarters of so-so business or even recession, nothing is
coming in as the next "best bet."

My own "Idiot Wave" market measure is treading water in the
middle of its Average Risk Range right now.
aim-users.com
It gave a huge High Risk signal a year ago on March 20th,
2000 and popped up to near the High Risk level again in
early October of last year. Since then it's been pretty
steady. As bad as the market was recently I would have
normally thought we'd see a "Low Risk" signal, but it's
still not materialized.

Over the years I've found that the IW's high and low risk
signals have been very good. However, it's average risk
readings are nearly totally ambiguous. So, I watch its
Oscillator for direction when we're here in the midlands.

That's all from the Crystal Ball!........

Best regards, Tom
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