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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 (18726)2/1/2022 9:11:43 AM
From: OldAIMGuy1 Recommendation

Recommended By
Condo

  Respond to of 18928
 
The recent weeks market action has washed out a lot of traditional speculation.


This is the first time my Speculation Index has dropped to "bullish" levels since June of 2020. Market valuations are still on the high side, but at least speculators are being a bit more cautious. I also don't like the continuing new IPO/New Issues levels. They are still elevated and bearish. There are now over 9100 stocks being traded on the NASDAQ and NYSE each week. Compare that to just 7100 at the beginning of 2021. 2000 more issues to study and perform diligent research. How many speculators did such work before buying these newbies?



So, while my Speculation Index shows a nice low value, that's for the existing traditional markets of established companies. The Speculators have just moved their activity to the IPO/New Issues markets.

Best wishes,
OAG Tom



To: OldAIMGuy who wrote (18726)2/1/2022 10:08:20 AM
From: jaser202 Recommendations

Recommended By
Condo
OldAIMGuy

  Read Replies (1) | Respond to of 18928
 
I am glad to see v-wave sloping down. Hoping it goes down to median for better buys. Cash reserves ready to be deployed. It was good to see market dropping some more after I bought on Jan 21st. AIM was getting close to signaling on other holdings as well. It got close but not quite enough to trigger.