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

To: JZGalt who wrote (5670)	9/17/1998 9:01:00 AM
From: OldAIMGuy	Respond to of 18928

Hi Dave, You're right. The Idiot Wave is saying that there's less risk today for starting a new investment than a couple of months ago. The basic assumption is that it's a long term investment. The other part of the Idiot Wave is using it as a cap for one's Cash Reserve. Right now it says you don't need to sell any more stock if you've already achieved a 41% Cash Reserve. You can then do "vealies" and conserve your shares. Maybe we can call Jim Battaglia's attention to this. His ACM has a different function than his Twinvest Risk Formula. The TVR has been close to the IW through much of the past. I don't follow the ACM figures. Best regards, Tom

To: JZGalt who wrote (5670)	9/18/1998 12:35:00 AM
From: Jack Jagernauth	Read Replies (1) \| Respond to of 18928

Dave and Scott, I actually noticed the difference between IW and ACM. ACM is very bearish, and that's kinda my sense; there is not a whole lot to get really excited about buying right now, except for Gold shares if you are so inclined. I might also add that, if I am reading the IW correctly, at about 41% cash for starting new AIM accounts with individual stocks, the IW is not really shouting BUY, even if it might appear so, probably on account of the recent change in terminology (low risk to bullish, etc.) Regards, Jack