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


To: Angler who wrote (1250)11/24/1998 3:57:00 PM
From: Dennis  Read Replies (3) | Respond to of 4916
 
Angler, my only concern with TA is that we don't know what companies and what mix of companies are being held at any particular time so how can TA be that accurate with MOST of the selects??

I think the fsphx is an exception.........do the selects more or less mimic the indexes they follow??

Have a great Turkey EVERYONE !!!



To: Angler who wrote (1250)11/24/1998 11:49:00 PM
From: Julius Wong  Read Replies (2) | Respond to of 4916
 
Angler:

I should say "Always use mental stops." Thanks.

TA cannot predict future events. It will take note of sudden
change in price, volume and indicators based on price and volume.
It is effective in sector funds because often many stocks in
the same sector move up or down together.

NOVL must meet the challenge from NT 5, or change. This
observation is based on fundamentals, not TA.

Julius