Forum Archive Index - August 2002

[Jefley Aitken <jefley@xtra.co.nz>]

Hello Phaedrus
another stunning contribution, many thanks.
i've noticed that my portfolio has lacked the market's volatility over the 
last 6 weeks.  overall, about 2% down, mainly because it only took about 
half the big hits, but then, it missed most of the rises too.  i've figured 
that this was because about 30% of my portfolio is in kip and pfi (property 
sector), with other chunks in nzr and fbu, whose downtrend has one of the 
more modest gradients, and which has a fairly sturdy resistance level 
~$2.70.

some time back, i decided that defensive and hi yield stocks were easiest 
on my nerves, and it seems to be paying off -- at the moment!
i haven't actually called up charts for the utilities, food-booze, and 
property sectors, (i've never figured out how to arrange side-by-side 
comparisons), but I 'predict' that their downtrends would be shallower, and 
that their current price  will more closely hug the trendline than some of 
those you have shown.

I also wonder if the high-yield stocks are more resilient as a group than 
the overall market.  While i'm hesitant to ask you for more contributions, 
i'd love to see a chart of the nzse40, the dow, and the footsie alongside 
such a panorama of charts.  i find the gradients of the trendlines 
fascinating...

cheers, and best wishes to you, jefley.

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