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Strategies & Market Trends : Fidelity Select Sector funds

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To: Sonki who wrote (595)	12/27/1997 9:03:00 AM
From: Julius Wong	Read Replies (1) of 4916

Sonki, My computer cannot predict future. It was programmed to measure the probable change from previous trend. If the previous trend is up, then a change of trend means the up trend is probably broken. The concept of trend is based on intuition, that is, not proven by mathematics or logic. A computer is a tool. We all based our decisions on common sense and intuitions. FSVLX is in home finance. A simple formula works well with FSVLX: 31-day EMA with a 0.75% filter. This formula was back tested and confirmed by many people. To my knowledge there are no reliable formulas for other select funds. According to the above formula, FSVLX is a sell. Julius

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