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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (1196)	11/12/1998 6:59:00 AM
From: Bernie Kaplan	Read Replies (1) of 4916

Based on reading of technical charts and intermediate term momentum readings falling into negative territory, this morning looks like a good time to lock in the following approximate and excellent gains in a number of sectors. Automotive - Buy on 10/12 - + 18.5% Brokerage - Buy on 10/9 - + 24.4% Financial Services - Buy on 10/9 - + 16.0% Home Finance - Buy on 10/9 - + 24.0% Regional Banks - Buy on 10/9 - + 12.9% While their last Buy signals were ignored, some other funds that are now in Sell territory are: Industrial Materials & Paper & Forest. Coincident downtrend in Dow Jones Industrials, Transports, and Utilities is not favorable in the near term. Regardless of the behavior and direction of the broader market, however, all a Select Fund investor has to do, from the time that he invests in a fund base on a solid Buy signal, is look for a subsequent sell signal. Have a great weekend. Bernie

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