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Strategies & Market Trends : Fidelity Select Sector funds
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To: Julius Wong who wrote (110)5/11/1997 6:16:00 PM
From: Jack Park   of 4916
 
Hello Julius

I already saw that thread here. It doesn't seem to go anywhere after the end of last year, plus which the FastTrackers have an enormous thread running on Prodigy. I have no stomach for the Prodigy software and I don't have a toll-free access number for them. At least, AOL will let you come in from the internet, but Prodigy doesn't appear to want to do that.

Anyway, what I was asking about is really the availability of software other than FastTrack for switching funds. Not the software that Fidelity offers (or Schwab). But rather, something of a ticker watcher that makes mechanical decisions suggesting which fund to be in.

The FT approach is at once interesting and powerful, but it runs only on DOS. I have a Pentium card plugged in my Mac, but cannot get FT software to do all its stuff so I'm kind-of SOL on that.

So, I built a kind-of simulation of FT in Excel and switching 13 different Selects over the last 350 days it seems to make around 85% gains which include the assumption of $7.50 per trade, and never exiting a bad trade before the 30-day holding period.

I watched one fund switcher (a retired gent) who just held a postcard up to a chart. If the fund dropped below the card edge, he jumped out. Switching does appear to be a simple exercise, but some subtle ideas might lead to much greater gains.

I'm wondering if there's other software out there that specializes in that kind of computation. I'm also wondering if there's enough interest in starting a new thread here on the switching strategies theme. The FastTrackers appear to be going rather wild about such a topic.

Thanks for the response.

Jack
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