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

To: Dennis who wrote (1260)	11/25/1998 11:31:00 PM
From: JR	Respond to of 4916

Hey Dennis, It makes sence, Just a couple of comments though "we end up getting a false sense of security as well as false TA data" A TA indicator can not be wrong, its mathmaticly doing what you asked it to. "We stick with the fund because we do see positive results BUT our reason for sticking with it is NOT correct, even though the TA may look positive." If the TA looks positive then sticking with the fund is correct, it is the system that may need adjustment or you need the stock and not a basket of stocks. TA needs constant maintance to adapt your system to the current market conditions, we get most right and some wrong. Have a GREAT HOLIDAY ALL JR

To: Dennis who wrote (1260)	11/26/1998 12:04:00 AM
From: JR	Read Replies (1) \| Respond to of 4916

Dennis, a couple of thing I forgot! You don't need to daytrade to use TA and Dude don't try to hit a homerun at every at bat, if the fido fund isn't holding enough Microshaft this week it might just be holding to much Cisco next week when Cisco is running. There is nothing wrong with singles and doubles. Enjoy your weekend JR

To: Dennis who wrote (1260)	11/26/1998 3:00:00 PM
From: Angler	Respond to of 4916

Hi, Dennis: You're holding some good funds both winners. Makes sense. I'm not quite sure volatile Fidelity Funds shouldn't be traded. Most followers of these have had to this year especially. FSESX was traded by me 3X downwards everytime looking for the bottom and a bounce back which never happened. However, I have traded into a held FSPTX over the last 2 months taking bites out of FSUTX and the M.MKT. 085 to get my position larger. I also hold FSPHX. The others weren't moving as fast. What I own now is all long term - 30 days or more subject to change. Don't drink too much turkey. Angler