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


To: Bernie Goldberg who wrote (6868)2/18/1999 12:35:00 PM
From: OldAIMGuy  Respond to of 18928
 
Hi Bernie, I'm supposed to buy some more at $120/share or less. Maybe I should just "bet" that it closes below that mark today! Not only is it looking like a great AIM mutual fund, but maybe also a confirming barometer for the market as a whole.

I just posted the Idiot Wave report for the week at
execpc.com
Both the IW and UOPIX seem to be showing that the market got a bit too HOT and needed to cool off a bit.

Best regards, Tom



To: Bernie Goldberg who wrote (6868)2/21/1999 9:41:00 AM
From: OldAIMGuy  Read Replies (2) | Respond to of 18928
 
Hi Bernie, I didn't get my UOPIX order in on Thursday and now the price is walking away from me. Looks like you take better AIM than I!

This consolidation is bothering lots of people on the various SI threads. I've been a bit concerned about one item in the IW recently. It's the 52 week Treasury rate. It bottomed about two months ago and has been slowly creeping up since. Not much, but enough to suggest that the FED is through lowering rates for a while. In looking back over the 16+ years of data in my IW spreadsheet, there's a tendency for the 52 week bond to "lead" the next interest rate move. I don't think the market would be very tolerant of even a 1/4 point hike at this time. Just something to keep in mind.

Best regards, Tom