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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Daflye who wrote (6832)2/22/1999 11:37:00 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
I've been maintaining my own index of 30 focus funds (Legg Mason Focus, Janus 20, Berger Select, Strong 20, etc.), growth (White Oak Agg Growth, Janus Mercury, Janus Olympus, Janus Spec Situations, etc.), and best-performers (Legg Mason Value, Warburg-Pincus funds, etc). They're still about 18% above the 200-day moving average. I exclude the leveraged funds such as the Rydex, Potomac, and Ultrafunds. Each correction usually takes them down to the 200-day moving average or slightly below. They're resting at the 50-day moving average also.