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

To: Mike McFarland who wrote (1012)9/24/1998 1:04:00 AM
From: JR  Respond to of 4916
 
Mike,

Did you pick up that press release about OPEC wanting to meet with the majors in Washington (peace offering or something).

Energy and Metals look like good trading vehicles going forward, Utilities at new highs on low interest rates, the fed may cut (?) after Germany elections on monday, could the energy and metal sectors smell renewed growth and a hint of inflation, they are IMHO very good leading indicators. Fido food/ag and Chemical are confirming indicators for me.

One dark cloud on everything, China will devalue after a fed rate cut, Japan must do something meaningful shortly after a fed rate cut, or Asia is in big trouble again!

Any and all thought are always welcome
GOOD TRADING ALL

JR



To: Mike McFarland who wrote (1012)9/26/1998 8:24:00 AM
From: Julius Wong  Respond to of 4916
 
Mike:

You made a good gain and slept well in a very risky market.
You are doing better than most of us. Keep up the good work.

Julius


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