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

To: Steve Nelson who wrote (13364)	10/30/2000 5:13:38 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Murl and Steve, UOPIX rode that huge wave of ballooning P/Es that affected all the larger cap NASDAQ tech stocks. It's now been suffering some of the same "shrinkage" problems that come when that balloon pops! I think we're going to do fine with UOPIX going forward. As soon as I get this week's IW data and see what the tea leaves say, I'll have a better feel of how far down we've come and how long we may have to wait. As you know, the account I'm managing for my fellow college alumni is also tapped out of cash. We may find a "trading range" where we slowly rebuild our cash but only with many planting and small harvests along the way. This is what I'm expecting as our next pattern for this fund. The reason is that after the market's bad behavior over the last year, people are going to be very quick to take profits in each small rally offering lots of upside resistance until it's clear that the Bear has gone back into hibernation for a while. Actually if the market works the way I've suggested for the next six months, that will make for some excellent AIM trading. AIM will do good work in a churning market for us. I was looking at UOPIX against the underlying index via QQQ the other day. Makes an interesting graph. The start and finish were almost identical but the mid sections were quite different. siliconinvestor.com One's like Cappuccino and the other's like decaff!!! Best regards, Tom