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Strategies & Market Trends : Waiting for the big Kahuna

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To: Chip McVickar who wrote (45033)	12/12/1999 8:45:00 AM
From: William H Huebl	Read Replies (3) of 94695

Chip, A couple of things here: I use the following from Barron's: - Oddlot short sales on the NYSE. Bearish for the coming week as it was LESS than last week's figure. - SCY data - still very bearish in the low .8s. - Ratio of OI equity calls to OI index puts. At around 30.... it is at record highs and indicates rampant speculation. - Traders' Committments - not available this week - I use the trend of what the big guys are doing vs small guys. - Most active $ on NYSE. The low Wednesday below $40 indicates speculation also. - Market Watch - benign - I look for one-sidedness (if there is such a word) and the other side is usually the way the market goes! - Lesser of new highs and new lows daily... 2 day average EXTREMELY high over 90. This tells me there is a disconnect between the average and the leaders... and is especially ominious given the market level and direction. This is all INHO and all the caveats - BWDIK??? (Read Stock Market Logic by Norman Fosback - I think it is it's 5th printing or so - and you will get a better appreciate of what works and what doesn't.) Bill

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