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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: Jack Jagernauth who wrote (9839)1/5/2000 9:31:00 AM
From: Bernie Goldberg  Read Replies (1) | Respond to of 18928
 
Hi,
My indicator uses a relationship between the DJ Utility Index and the S@P 500 index. It only works on investments that are closely tied to S@P500.
I had money in Spyders and Profunds Ultra Bull. When I got the sell signal I sent the cash over to ProFunds. Ultra Bull performs at twice the activity of the S@P 500 index, just like UOPIX does for the NASDAQ 100. This is my first round trip with this indicator so I am not quite ready to use it with any of the the "Short funds". It gave me a buy buy signal 10/31/97 just before the market had one of its best days ever. It had stayed in the buy zone until 3 weeks ago.
Based on my interpretation of the way the numbers go it is not likely to change back to a buy for at least 12-20 weeks. It will be interesting to watch. Yes, we move everything to the sidelines. Based with what everyone seems to be saying, pretty soon my MMF will be paying me a little more interest. It looks like I got my money in to the MMF in time to take the advantage of that.
Bernie