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

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To: OldAIMGuy who wrote (5638)	9/15/1998 7:39:00 AM
From: JZGalt	Read Replies (1) of 18928

Tom, My indicators went to "buy" on the morning of that dip toward the 940 level on the S&P, but have since turned back to "sell". The problem is that the time decay I look at is 6 months in my model and we just haven't had enough time to digest the drop. Anything below the 1000 level on the S&P500 after the first week in October looks good to me. BTW, Oil prices appear to be basing and starting to move higher. As we have discussed before that is good news not only for the oil service industry, but Latin America and the currency markets. I was amazed yesterday that Clinton spoke about the G7 having a coordinated policy toward restimulating the world economy, then turned around and said we should use the IMF for the vehicle. I guess half right is better than his recent track record so I shouldn't gripe too much. <g> ---- Dave

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