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Strategies & Market Trends : Ultra OTC Fund - UOPIX -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (825)11/15/2000 10:21:34 AM
From: bob wallace  Read Replies (2) | Respond to of 2063
 
Tom,

re: selling

this quote appeared in Todd Harrison's trading diary today:

"The pattern in the NDX has been consistent: a steady downtrend characterized by lower highs and lower lows. Nestled within this drippage have been bear market spikes (10 of the 12 all-time percentage gains), and each time they manage to induce fresh optimism. "

those spikes are the very reason I am drifiting away from AIM to manage trades... especially in UOPIX where the moves are doubled -- just sitting around waiting for a 20% home run just does not seem like the best way to play the volatility to me..

Bob