Shihchung and All:
I posted the following message to a TA thread yesterday, and
I received two messages from the great TAers, Andy Gabor and
Richard Estes. Please send me your thoughts, I will summarize
all discussions and post to this thread by the end of May.
Thanks.
JW
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[Fidelity Select Funds and TA]
Ref: 1. Wall Street Irregular by Mark Hulbert
in Forbes, June 3, 1996
2. Gil Blake
in The New Market Wizards, by Jack Schwager, pp.230-250
Many of us have money in 401, 403 accounts. We are into mutual
funds by lack of choice. I am looking at methods to improve the
return of mutual funds.
In the June 3, 1996 Forbes, a column by Mark Hulbert in Forbes
[Ref 1] stated that momementum strategies have the potential of
being more sucessful with mutual funds than with individual
stocks. Hulbert also mentioned the interview with Gil Blake by
Jack Schwager [Ref 2]. It appeared that there is some correlation
between sector funds and Chaos (math).
If we ASSUME that there IS a correlation between sector funds and
Chaos, HOW do we make useful info out of this?
I am NOT able to solve the problem. As a FIRST step, I like to
find the entry point of a more volatile sector fund using TA.
In TC2000 (I know you don't use TC2000 now, but you are familiar
with TC2000) we can do a scan
((MaxC250-MinC250)/MinC250) > 0.3
Then back to TC2000, in a Fx key, say F2, we put two MA curves,
say 13 and 55 in the top window, and Stochastic 34, 13 with MA 5
in the bottom window.
Now ae use F2 key on the more volatile sector fund group. Look for
Stoc cross over and use the top window for confirmation. I hope
this will help to find entry point of sector funds.
The problem is more than I can handle. I need help from TA gurus.
I'll appreciate your suggestions. Thanks.
JW
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