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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (16775)	11/23/2002 12:05:44 PM
From: TREND1	Read Replies (1) \| Respond to of 30712

Eugene (1)Let's see if aj99 agrees with 42 others on the direction of the market? (2)The 42 others will be the 3LB charts (Current Trends) of 42 Fidelity Select Funds. (3)As these different sectors of the market become short term bullish or bearish, we will add up the totals and see what the 42 votes are. (4)More later this weekend. Larry Dudash

To: 16yearcycle who wrote (16775)	11/23/2002 12:22:13 PM
From: ajtj99	Respond to of 30712

Here's a nice example from last year where we sold the 200 SMA initially at 1934, dropped and held the 13EMA, then rose up and took it out Dec. 5, 2001. We dropped back, held the 200SMA, rose up, then breached it intra day, then made our double top in January: stockcharts.com[h,a]daclyyay[d20011023,20020123][pb20!b50!b200!c13!c20!c50!i!d20,2!c200!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14][J6998700,Y]&pref=G Prior to last Dec, we'd been under the 200SMA since Sept. 2000. I think it is also important to note the position of the 200SMA with respect to the Bollinger Bands. The BB's in many instances have more influence than the 200SMA.