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


To: OldAIMGuy who wrote (14196)1/3/2001 1:53:50 PM
From: Condo  Read Replies (2) | Respond to of 18928
 
Hi Tom -
---
"...we'll at least have a trade range once a bottom is set..."
(and)
"The sector indexes might also be good for AIM."
---

FWIW, the Sector SPDR index cash levels look like this to me,
where "MDD" = maximum drawdown:

MDD Range MDD% 1/2/00 Cash%
Basic Industries (XLB) $28.00 - 17.00 39% $21.00 14%
Consumer Services (XLV) $32.94 - 25.19 24% $26.13 3%
Consumer Staples (XLP) $24.50 - 18.30 25% $28.19 23%*
Cyclical/Transp. (XLY) $32.00 - 21.56 33% $25.53 12%
Energy (XLE).......... $29.28 - 24.63 16% $33.25 12%*
Financial (XLF)....... $27.19 - 19.44 29% $28.66 25%*
Industrial (XLI)...... $30.23 - 24.91 18% $29.84 9%*
Technology (XLK)...... (Still pick my own tech stocks.)
Utilities (XLU)....... $31.25 - 23.38 25% $32.69 20%*

* Several have made new highs since the deepest pullback:

MDD Range New Range
Consumer Staples (XLP) $24.50 - 18.30 $29.63 - 21.18
Energy (XLE).......... $29.28 - 24.63 $34.75 - 29.23
Financial (XLF)....... $27.19 - 19.44 $29.63 - 21.18
Industrial (XLI)...... $30.23 - 24.91 $32.63 - 26.88
Utilities (XLU)....... $31.25 - 23.38 $34.50 - 25.81

And these numbers could be flat-out wrong! - Skol, Ej