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

To: Jim Battaglia who wrote (1049)	10/14/1998 11:09:00 PM
From: Julius Wong	Respond to of 4916

Jim: Thanks for the post. I agree with you that the market is still weak. For the short term there are several encouraging signs: 1. More sector funds gaining strength. 2. Dow is above 24-day EMA. 3. Today the StochRSI gave a buy signal on SP500. The cycles gurus predicted a huge down day at Oct 16. I don't understand their methodology, but they have many followers. Today is 14th, we'll find out in two days. If market stays flat for a week, there will be less bears. Thanks for the open house at your site InvestNBest through the end of October. You have the best mutual fund site! Julius