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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (5916)	8/15/1998 10:23:00 PM
From: Al Serrao	Read Replies (1) \| Respond to of 34811

Jim, in the past I've selected several Tech Funds in advance to be ready when the sector turns. For example, in January when the market was in another down period and at the time PBTCH was in a low pole down. PBTCH looked better than PRSCX because it was the one that was most oversold. That's what a low pole is, an extremely oversold condition. When the market turned up later in the month both funds moved and I believe you would have done well with either one. But I chose PBTCH and the fund produced a 12-15% return within a month. I'm sure you could have found individual stocks that did better but I'm also sure you could have found stocks that did worst. The point I'm trying to make is you can make respectable returns with more certainty and less risk using funds. We've all had stocks that look perfect on the charts only to leave you holding the bag. With a stock you're using a rifle, with a fund you're using a shotgun. They both have their place in a portfolio.