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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 (5497)	8/31/1998 5:13:00 PM
From: JZGalt	Read Replies (1) \| Respond to of 18928

Tom, The term "selling climax" has meaning here. Remember the p/e analysis we have talked about that went to "sell" in early April? Today's reading is something other than sell. Typically after a sell signal is lifted it takes a while for the market to get rolling again, but it is one heck of a lot safer than it was 3 hours ago. ;-) I haven't done the AIM by the book method in full yet, but you are correct that the cash would have already been gone. These last few days have felt like 1987 redux. Not fun, but I hope the outcome coming out the other end is the same. ---- Dave