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

To: Angler who wrote (436)	11/15/1997 11:28:00 AM
From: Julius Wong	Read Replies (1) \| Respond to of 4916

Angler, On TA: I don't believe we can predict future. TA is based on the assumption that the future events will most likely to follow the past patterns. But that's a BIG assumption. From computer back tests we learned a few things: 1. The up and down motions of stock market are not always random. 2. TA predictions of market are not always reliable. 3. TA is more accurate on sector funds than on stocks. 4. The 31-day moving average works extremely well on FSVLX. 5. No moving average works for FSELX. 6. In general, Relative Strength works well on sector funds. I am still very bullish on FSESX long term. In Retailing stocks I like TJX. I bought TJX in October. My e-mail address usually (but not always) works. Last week Manuel told me that he could not send e-mail to me. He was only four miles away. Regards, Julius