Hi Alton
>>>.Investors Business Daily just confirmed "market in correction". So, I've been thinking, instead of buying at key points during a downtrend, why not wait until a confirmed "market in uptrend".<<<
You can use many methods (including the one Clive has been posting about) but I think the most important thing is that once you come up with something rational that you stick with it.
For instance you wouldn't want to switch back and forth between AIMing and momentum investing (they are totally opposite)
I wouldn't use IBD as your guide and certainly not for a signal for an individual security. The V wave would be a much better guide as to whether to set up a new account or to make sure you take ALL sells AIM recommends.
I have a friend who uses the 13 DAY MA and 30 DAY MA crossover as a signal to buy or sell. This might be good combined with AIM. So if 13 above 30 don't do AIM sales but if a crossover to 13 going below than take the sale but wait to do the next AIM directed buy until the 13 day crosses the 30 to the upside.
The other decision to make is whether to sell ALL share at the crossover (per Clive's method) or just use it as an additional AIM screen.
Just a thought
Toofuzzy
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