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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?

To: Angler who wrote (2927)	9/17/2000 12:14:01 PM
From: Julius Wong	Read Replies (2) \| Respond to of 4916

Angler: I am not comfortable with the current market because it lacks direction, rotates frequently, and too volatile. However I see some positives in the market. Of all stocks above $5, 1259 stocks are in the top 15% of 52 week range, 938 stocks in the bottom 15% of 52 week range. The ratio of 1259:938 is very good. Among S$P 500 stocks, 132 stocks are in the top 15% of 52 week range, 105 stocks are in the bottom 15% of 52 week range. The ratio of 132:105 is also very good. Nasdaq is a different story. Among Nasdaq 100 stocks, only 10 stocks are in top 15% of 52 week range, 24 stocks are in the bottom 15% of 52 week range. Here the ratio is 10:24. The market is broadening out. The mid-cap stocks are doing better than some of the over-priced big cap stocks. Julius