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

To: Moominoid who wrote (36935)	1/31/1999 9:58:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

David Barrons is a US based weekly financial newspaper who is read mostly by fund manager and more recently by the public interested in investing. It has lots of financial related factual tables. Bill developed an indicator based of some of the data contained in those tables. Barrons is also on the WWW. Haim

To: Moominoid who wrote (36935)	1/31/1999 12:57:00 PM
From: William H Huebl	Read Replies (1) \| Respond to 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