SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : A.I.M Users Group Bulletin Board

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Nimbus who wrote (16986)10/2/2001 12:47:33 PM
From: OldAIMGuy  Read Replies (1) of 18929
 
Hi N, We're getting close to the Low Risk area. In the past because of the moving averages built into the IW, it's been as much as 3 weeks late in defining the actual bottom, I believe. That's not been significant, but is something of which to be aware.

In looking back, it appears that the NASDAQ lows have been defined when the IW's dropped into low risk and the Oscillator has still been a negative number. That's usually within a week or so of the market low. With the Oscillator still a very large negative number we can probably expect the IW to fall yet further next week. Right now the combined value of the IW and its Oscillator show 24% Cash for starting new stock accounts with AIM. That's solidly in the Low Risk area, even though all four components haven't yet fallen to their own Bullish territory. All that's left is Speculation and all that's left of it is one stock supporting that component barely in the Neutral range.

This is about as close to a Low Risk reading as we can get without being there! Another way of measuring this is to check how painful the last 9 months have been. If it's been really painful, then we're nearing a low risk market point!

Best regards, Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext