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

To: Kip518 who wrote (34696)	12/1/1998 9:41:00 PM
From: William H Huebl	Respond to of 94695

K, Thanks for the link. Here is an interesting FA fact (wash my mouth out with soap)... The SCY ratio (Tom Saler's book "Taming the Bear") which fell to a low of around .92 back in July is back to 1.0 after being above 1.3. Now while his levels don't seem to work any more, watching that indicator bottom and reverse can provide a good indication of intermediate market moves. For example, with a high r-squared, this move up (not the recent pull-back) is destined to continue for at least 2-4 weeks at whiich time it will be at the same or lower SCY ratio than back in June-July. IF THAT HAPPENS, and unless earnings improve, we could be in store for another very nasty sell-off. And the Feds may have to lower rates again... Bill