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

To: RFH who wrote (3735)	1/4/1998 9:14:00 AM
From: OldAIMGuy	Read Replies (2) \| Respond to of 18928

Hi RFH, Sounds a bit like a good news, bad news joke! My GENE seems to have bottomed for this cycle (he says while kneeling in prayer!) and maybe will start back up. Other stuff had a pretty good day on Friday. I'm happy to see VLSI starting a nice recovery. DIGI is inching ahead too. My VTSS seems to have settled in the $30s for now, so its no longer draining cash reserves or adding to them right now. Ultra and Vista are both off their respective lows. A quick look at the Idiot Wave values for last week show one bit of good news. The IW is now under 50 for the first time in a very long time. It shows 49% for stocks and 33% for mutual fund accounts right now. Not great, but better than its been. I'll be preparing a double report tomorrow for everyone. The Worst Performers list in Value Line shows about half the list being from computer equip., software and semiconductor companies. If that isn't a sector rotation signal, I don't know what is! Remember, that list is for the last 13 weeks, so usually when the stocks find their way to that area, the worst of the downside is usually over. That list ranges from about -40% to -84%. This is while the Best Performers list is up just 31% to 74% - in other words, the bad guys beat the good guys during the last quarter. This acts like driving a stake of holly through the heart of the Speculative Vampire. It has almost always been a near term bullish sign. My Best/Worst Index was the initial component of the Idiot Wave and I still have great faith in it as a market indicator. It's comforting to see it in the Low Risk area. Let's watch and see if it's right again!! Best regards, Tom

To: RFH who wrote (3735)	1/4/1998 3:13:00 PM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

Hi Robert- That was an encouraging move for BOBJY, wasn''t it?! I'm in at 9.625 and had 1 sell at 12.0625. There's been enough price movement that I probably should have seen more transactions than I have, so I think I need to play with the parameters a little. I think I got too conservative on the buy side. Every time I reflect on this sort of thing I seem to come back to the same conclusion and that is that Mr. L's 10% Buy/Sell SAFE levels work pretty well overall. Bruce

To: RFH who wrote (3735)	1/5/1998 4:53:00 PM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

Hi Robert- I was looking at the returns for the week and see that it was very much improved over previous weeks: ----- Last ----- NxtSell Sym % Chg $ Friday Buy On LmtOrdr ----- ------ -------- ------- -------- ------- BOBJY +3.9% 9-5/8 9-5/8 9/21/97 12-9/16 CTAL -1.0% 11-7/8 10-0/0 11/23/97 12-5/8 EGRP +17.7% 22-15/16 18-1/2 12/14/97 27-3/16 HAVT +0.9% 13-5/8 12-1/8 10/26/97 16-3/16 LOGC +30.4% 2-13/16 2-3/16 12/21/97 3-1/4 MXWL +8.5% 23-7/8 22-1/2 12/21/97 32-9/16 EGRP and LOGC are getting interesting. I have limit order at 27-3/16 for EGRP which is still a long way off, but the order to sell some LOGC at 3-1/4 isn't that far away. We'll see... Bruce