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Strategies & Market Trends : LastShadow's Position Trading

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To: Dave Shares who wrote (4178)	12/12/1998 8:49:00 PM
From: LastShadow	of 43080

Weekend Analysis I just finished running the mutual funds and indices through my weekly grind, and all of them are still technically ok with the exception of XOI (AMEX Oil Index) and XAU (PHLX Gold/Silver Index). This is logical in that the oil sectors are down and the Gold Silver index is generally opposite of the general market indices. That was the good news. The badnews is that we are thresholding right now. Every single index is at the pivot point. A 4% reversal (decline)in any of them will signal a market reversal. Below are the three primary indices and 6 funds I follow with the 4% decline threshold number. I would note that I believe Monday will be an up day, although less gain and more volatile than Friday's. SYMBOL NAME 1 YEAR LOW CLOSE 1 YEAR HIGH Threshold DJIA DJ Industrial Avg 7,349.99 8,706.15 9,367.84 8357.9 NCM NASDAQ Composite 1,343.87 1,788.43 2,028.18 1716.9 SPX S&P 500 Index 912.83 1,166.46 1,193.52 1119.8 FMAGX Fidelity Magellan 86.376 111.69 113.16 107.22 VFINX Vanguard Index 500 89.11 108.82 111.17 104.47 FDGRX Fidelity Growth Company 40.21 50.96 52.81 48.92 FGRIX Fidelity Growth&Income 36.44 43.93 46.21 42.17 VWELX Vanguard Wellington 28.75 31.85 32.62 30.58 FASMX Fidelity Asset Manager 17.29 19.87 20.19 19.08 lastshadow

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