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Strategies & Market Trends : Fidelity Select Sector funds
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To: Jim Battaglia who wrote (1049)10/14/1998 11:09:00 PM
From: Julius Wong   of 4916
 
Jim:

Thanks for the post. I agree with you that the market is still
weak.

For the short term there are several encouraging signs:
1. More sector funds gaining strength.
2. Dow is above 24-day EMA.
3. Today the StochRSI gave a buy signal on SP500.

The cycles gurus predicted a huge down day at Oct 16. I don't
understand their methodology, but they have many followers.
Today is 14th, we'll find out in two days. If market stays flat
for a week, there will be less bears.

Thanks for the open house at your site InvestNBest through the
end of October. You have the best mutual fund site!

Julius
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