Harold,
I think you have it pegged. I am using a balanced mutual fund strategy with 20% in each fund-- FSELX, FSPHX, FSVLX, FGRIX and FCNTX. Averaging them together and coming up with a 30%+ annualized historical gains. So, I watch the Semis to get a picture of the next rotation between Hitech, Banks and Health. The other two funds are just for balancing purposes.
If I were trading just INTC or FSELX I think I would get out myself or wait a day or two. Hitechs just got to the top of my RS list Friday and usually they do not pop down right away, and of course, with funds, there is less volitility.
I do expect higher prices and possibly a blow-off top with this one, however. I have noticed a 19 EMA on my NH/NL, over time will usually peak about 55% of the intermediate term market move. They haven't peaked yet so I am hoping that we are less than one-half way there. But on the short-term basis there will probably will be some selling this week and I plan to just hold tight unless the NYNL's build up too much. Hope it works out well for both of us.
Regards,
Dave
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