|
PureBytes Links
Trading Reference Links
|
All sound reasons for rally attempts to get a foothold, yet .... I'm not at all
sure the shorts have been motivated to cover. I did see some signs of
accumulation in the spoo today although you wouldn't know it from the price
action. Makes me wonder about all those hedge fund managers who allegedly want
to see another leg down to wash out the sellers before they cover shorts and go
long. I suspect they have already covered and are busy getting long. But then I
don't really care as long as the spoo goes up and down or down and up.
Earl
-----Original Message-----
From: HBernst963@xxxxxxx <HBernst963@xxxxxxx>
To: Peter2150@xxxxxxx <Peter2150@xxxxxxx>
Cc: Omega-list@xxxxxxxxxx <Omega-list@xxxxxxxxxx>
Date: Wednesday, August 05, 1998 9:16 AM
Subject: Re: ACAMPORA CORRECTION
>opportunities. When we get a high TRIN reading and overly bearish $ weighted
>put/call like yesterday, it tells me that the money managers have capitulated,
>at least for the short term.
|