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

To: Carolyn S. who wrote (1135)	11/7/1998 11:27:00 PM
From: JR	Read Replies (1) \| Respond to of 4916

Carolyn, If you don't mind I will just past the following Momentum Calculation The momentum oscillator is calculated as the percentage difference between the current (closing) stock price and the price 30 days ago. However, one additional factor affects this calculation and smoothes the momentum curve: the stock moving average. The momentum oscillator is recalculated from the stock's moving average, rather than its closing prices. This smoothes the momentum curve to reduce whipsaws (i.e. as soon as a signal is given the stock immediately reverses direction and gives the opposite signal). However, the longer the time span of the moving average, the greater the delay in signals given by the momentum oscillator. The best stock moving average is the one that produce the least whipsaws with the signal nearest the bottom or top of the stock's price movement. We then take the momentum and plot its difference from the moving average of the momentum to produce breakout signals. To All, before you all come back flaming, I do not switch mutual fund, only had 3 selects this year and not one was held over 2 weeks, its just a place to park cash after I sell a stock, momentum is my favorite because I don't follow or need to follow the select funds daily! I do visit Chips and Jims site ever sunday for general sector and market strength and I also print up every one of Julius "strong fund" post (big time saver). Sector fund rotation can be very rewarding but I trade stocks and don't have the time or energy to develop another trading system for funds. Its all about making money and witch method is best for you, IMHO Trade profitable JR