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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (186)	10/4/1997 11:45:00 AM
From: Angler	of 4916

To all: Julius Wong has the right idea about the Energy group. Gold is moving because of some recent instability in the Middle East which is also causing a flip flop in the price of crude upwards. These commodities are sensitive to any conflicts anywhere that affects politics. However, on MA and TA I don't use these as I'm a math dropout but I do look at the charts on Stockmaster.com and the charts tell me what has happened in the last year or so. Where there's smoke.... Energy needs are picking up worldwide. No doubt. Drillers and oil service cos. are definitely in demand. Most of the individual drillers and riggers stocks have doubled in the last 12 months. Take a look at "NBR" for instance. Being a momentum player at times I bought some of this one last month at an all time high. I really feel comfortable with FSESX which has been in my portfolio for some time. I expect it to continue to zig zag up. But nothing goes straight up forever. Yet I don't like to fight winners so will continue to stay with them even though they take a little rest once in a while as I watch the chart - just in case. How about those Atlanta Braves? Angler

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