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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 (4912)	6/23/1998 10:15:00 AM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

Hi Tom- The only recent year I recall that had a decided summer direction was 1987 and I don't know that anyone really wants a repeat of that one. :-) As you know I've been dreading the corrective prediction of the IW, but so far have been able to keep up with all the recommended buying. I hate ranging markets, but at least it hasn't tested my cash reserve yet. At last check I was at 85% invested overall. I did buy 5% more MXWL yesterday, but MXWL is a pretty small position. That -7 on the IW oscillator was pretty startling! Hope it's real. That represents a significant acceleration of the IW downward, doesn't it? I presume it's possible because of the hits the bond markets were taking. Bruce