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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (19751)	6/4/1998 1:31:00 AM
From: James F. Hopkins	Respond to of 94695

Vitas; I track a lot of no-load funds my self let me go look at the ones I track. Got them graded from LG , LV down to SG & SV plus some Foreign Funds & CEs and such. Just have not looked at their 200 MA, but now that you mention it I will. Jim

To: Vitas who wrote (19751)	6/4/1998 8:39:00 AM
From: James F. Hopkins	Respond to of 94695

Vitas; My Fund index don't support IBDs 200MA thingy, most of mine are well above that, but falling. The ones that did go below it were ones that paid out big capital gains in DEC or JAN, which dropped their NAV after last years run up and the 200 MA is not adjusted for it yet. I think IBD jumped to conclusions and didn't allow for the Dividends and Cap gains pay outs. Jim

To: Vitas who wrote (19751)	6/4/1998 9:19:00 AM
From: James F. Hopkins	Respond to of 94695

Vitas; One exception to the FUNDs the Tech sector has for the most part dropped below 200 MA. More recently the Naz has dropped much faster that the SPX , AND the SOXX is off 20% in the last month, it should get a bounce. The RUT , and even the MID Caps have dropped a good bit below the SPX, and that says we might be getting close to a short term bottom. I would not short the SOXX this late. Well I'm not really short anything just hunting a bottom, to buy on. Or wait for things to start up and grab a few of the slower starters, Patience is the key word for me. Jim