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Non-Tech : Dorsey Wright & Associates. Point and Figure -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (4313)1/3/2000 10:41:00 PM
From: Hardline  Read Replies (1) | Respond to of 9427
 
Hummm.... I sold UTX not too long ago. I guess I need to relook at it. I do like their FA.

Hardline



To: Ms. X who wrote (4313)1/4/2000 11:19:00 AM
From: Ms. X  Respond to of 9427
 
Answer to the question of Mutual Fund Trading Bands.

From Steve at DWA:

Mutual fund trading bands are calculated exactly like the stock trading
bands. The calculation is proprietary 10 week moving average. The
trading bands make a basic bell curve, giving a picture of whether a
fund is overbought or oversold based on the 10 week moving average. 100%
overbought is three standard deviations above normal. 100% oversold is
three standard deviations below normal. If the fund is 100% overbought,
it suggests the fund will correct to normal on the curve. If the fund is
100% oversold, it suggests the fund will bounce to normal. The
disadvantage to trading bands is the tails can go out to infinity.