SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Moominoid who wrote (36935)1/31/1999 12:57:00 PM
From: William H Huebl  Read Replies (1) of 94695
 
David,

Most of the indicators available to the public don't work. Read Norman Fosback's book on "Stock Market Logic."

So I use some of his stuff including the LNHNL which happens to be very bad last Friday and the most actives which gives you a sense of the amount of speculation. (Last Monday's was a record, I think, at over $70 which is NOT speculative).

Also, the equity call to index put ratios for both the open interest as well as volume CAN give turning points. I look at ratios over 20 to 1 as peak levels.

The oddlot short sales figure is almost always wrong... the higher it is, the more likely we will have a strong move up. It is the highest I have ever seen it in Monday's Barron's. (I get my copy at High's convenience store a couple of days before the date on the cover).

I also look at MarketWatch which is a sampling of investment advisors' newsletters and rate them bullish and bearish, short and long term. When they are all on one side, you can count that they are wrong!

When it is available, I also look at Traders' Committments to see the direction of change for the commercials as opposed to small-trader public. The commercials are almost always right (if they aren't, they don't stay in business long) and the public is usually wrong.

I also get the info for the SCY ratio from Barron's.

Occasionally I will also get IBD... it has a few other things I look at like mutual fund cash level which is really low right now which is bad.

Does that help?

Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News