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

To: William H Huebl who wrote (38295)	3/12/1999 2:03:00 AM
From: Brad Bolen	Read Replies (1) \| Respond to of 94695

Thanks Bill, I used the SCY ratio for years, after reading 'Taming the Bear', to the point that I printed a big flash card everyday with the latest ratio I got after reading Barrons on the weekends (now I know why you are speaking of your Barrons indicators, etc). I would always stick that card over the top of the computer to remind me of what I considered important. Somehow, I got away from even looking at it, let alone pasting a big stinking flashcard to my computer (I think those 4000 points you spoke of represents two computers ago). Maybe I got frustrated. BTW, for those that don't know, the SCY is a ratio that uses the following formula: Stock Earnings Yield + Stock Dividend Yield (Total Yield)/ Treasury Bill Yield = Stock/Cash Yield Ratio (SCY) This is where the Earning Yield is 1 divided by PE The dividend yield is the combined of the S&P if I remember and Treasury Yield is the THREE MONTH bill. All these are in the Market Lab section of Barrons, if I remember. Anyway, I would have never have thought of using the SCY the way you do. I love that idea. And since I know what the SCY is about, it really scares the beegeebees out of me to hear your results. I think I will raise at least some cash tomorrow. Good Luck B.

To: William H Huebl who wrote (38295)	3/12/1999 5:29:00 AM
From: Berney	Read Replies (1) \| Respond to of 94695

Hey Bill, you're getting really bearish in your old age. <g> Haven't you learned yet, this market only goes in a NE direction. South is not even on the map. FWIW, I still see us in that not unexpected trading range. It is trading ranges that TA has the most difficulty with. I expect it's going to last until all this new money gets in the market. Then, who knows? But, I'd expect about a 6% decline from here. You know that all this effort I expend is due to you. You're the one that pushed me into this TA stuff and I really do try to stay true to the course. Thanks! Berney