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

To: Earlie who wrote (38283)	3/11/1999 10:46:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Earlie, Earlie, While a technician at heart, the plots of certain fundamentals have always fascinated me... and since I got the book "Taming the Bear," by Thomas D. Saler, I have become an advocate of the use of his SCY ratio... stock, cash yield ratio. If you depend on using it the way HE suggests you use it, you would have been out much of the last 4,000 or so DOW points move up... even more. But if you use it the way I use it.... as a technical plot rather than a level indicator, it works like a charm. At .9, this indicator is NOW the lowest it has been in history as far as I know... over 1.21 stocks are the best buy and under (according to Saler) cash is the best position. But by plotting it, you find it has continued to trend lower and lower and only something like crossing it's moving average becomes a good sell signal. So that is where we are... about to cross it's moving average in any kind of a sell-off at all. So be prepared! IMHO and BWDIK!!!! Good luck. Bill