Hello:
The AIM technique looks quite interesting. I think I've independently devised a similar method which I have just begun to use with mutual funds, with the benefit one doesn't worry about commissions. It's similar to AIM in that it's contrarian and one buys only when the investment is down for the day.
I have two mutual funds which fairly closely track indexes or I-share ETFs. I recently started my experiment that, whenever these are down for the day, I purchase the mutual fund. These are funds which allow purchase of as little as $50.
Nearly everyone has heard the mantra of dollar-cost averaging and simply purchasing on a regular basis. How about purchasing on a regular basis only when the fund has down days?
Of course, with my method, one has to pay attention to the market, but I set alert triggers with AT that notify me if the tracking funds drop a percentage during the day. I usually make the purchase around 3:30 pm. Today was such a down day for one particular index I put the order in at 1 pm.
Occasionally the market might reverse toward the close, but, in general, I expect the tracking indexes at 3:30 pm to match the up or down in the funds 80-90% of the time.
Unlike AIM, though, I have no particular exit strategy.
Selling, of course, would be on up days. However, with mutual funds selling is limited and one cannot trade them like a stock. There is no limit on buying but there are limits on the number of sales in given time periods.
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