Toofuzzy you are right nobody can predict the future. AIM works best on a stock that is going sideways. AIM will have you sell it all into the rally way to soon if there is a bull market and buy in way to early if there is a bear market. Remember that AIM was devised way back when there were only slide rules to figure complicated math problems and written from the prespective that the reader has a understanding of the business cycle and the fundamentals behind good stock selection you know Graham and Dodd were the only reading material back then. These guys were good at showing how the market moved between a 4 year bull and 2 year bear it was the self-fulfulling prophecy for a whole generation.
That's why stock selection is very important if someone bought ENE or WCOM all the way down it was not AIM but poor stock selection.