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Strategies & Market Trends : ASSET COMMITMENT MODEL

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To: Wren who wrote (146)	5/28/1999 8:26:00 PM
From: Jim Battaglia	Read Replies (1) of 176

They market is telling the ACM to raise cash! It has sent out an alert to reduce exposure to 25% in the markets. The readings of the ACM is a very negative 1 Bullish 4 Cautious and 9 Bearish. With such a bias to the negative side, it seems best to be very cautious in the next few weeks. The Day Traders have made this a very volatile market. Big swings on the day. A big buying spree on AOL at the close may bode well for stocks next week. We will just have to wait and see. However with 14 indicators and the majority of them red, I feel we need to take a wait and see and reduce your market exposure. June has traditional been a not so good month for the market. With the quarter ending and talk about raising rates...the market may be in for some wild upside and downside action. We have had a good positive year thus for and do not want to give up our gains by reaching for that little extra. Granted we have had a mild correction which went by gradually. But the market could still "tank" from here! Though no one really knows. I was comforted today with the rally but it was more than likely on weak volume. JR investnbest.netmegs.com

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