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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (12731)	1/7/1998 5:57:00 AM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Scotty, There are models for that relationship... I know when short term instruments yield almost the same thing as long term ones, it is safer to use the shorter term ones. In the MACRO, the old stuff may work (P/Es, Yield ratios, etc), but shorter term... I would be VERY careful about sweeping generalizations: "Bill,just read an article that sez a flat yield curve is bearish for stocks..." The dollar cost averaging and the mindless flow of $$ into mutual funds has skewed things way in favor of the bulls for the time being. When the DJ-30 etc was tracking along the top of their Raff Channels (outside trend lines) this past summer, I remember posting that I thought the MMs would HAVE to get this market lower in order to see some decent gains later on... well here we are, boys and girls... and that upper trend line is now over 10,000. Bill