MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Challo Jeregy who wrote (8033)	7/3/2001 12:41:13 PM
From: Walt Deemer	Read Replies (1) of 19219

The old odd-lot theory said that the public tends to buy into weakness, only to lose their nerve and sell right at the bottom. Similarly, they tend to sell into strength, only to give up and jump aboard right at the top. Buying when total assets fall after a series of down days and selling after they rise after a series of up days worked well on the Fidelity Select Electronics fund until Fido quit making the numbers public several years ago, but I haven't tried it on the Rydex funds. It may be worth a shot, though. (For instance, there was BIG selling into weakness in the Precious Metals fund yesterday, indicating that a playable rally should be close at hand.) FWIW... -- Walt Deemer

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