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

To: James F. Hopkins who wrote (36727)	1/24/1999 8:23:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Jim, Stands for Stock Cash Yield... a ratio. It is found in the book called "Taming the Bear" by Tom Saler. Published by the Gobe Pequot Press - 1994. The author has 6 investing rules which seem to make sense. When I first bought the book, I tried to make sense of the SCY contemporaniously, if there is such a concept. I could not get it to work in the current environment so I put it to work as a buy and sell indicator and it works better that way. We were on a max sell back in June and getting near to it earlier this month. Things are quieting down a bit now even though we are on a "sell", but any strong move up in the markets or any interest rate increase will cause the indicator to tank and get into dangerous territory again. BWDIK? Bill PS - SCY is only of use at extremes!