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Another free site Excellent site to get your favorite indicator.. Check this out..
http://www.marketgauge.com/gauges/last.htm
Gary
-----Original Message-----
From: Earl Adamy [SMTP:eadamy@xxxxxxxxxx]
Sent: Sunday, February 07, 1999 9:32 AM
To: RealTraders Discussion Group
Subject: Specialist short sales
I'm attaching my intermediate term historical chart (data available by
subscription from pinnacledata.com, check St. Louis Fed for free history).
NYSE short sales data is reported weekly with a two week reporting delay.
The theory behind using specialist shorts is that the specialists are
required to supply inventory to a rising market and absorb supply in a
declining market. Therefor the specialist short sales positions are believed
to provide some intelligence regarding specialist inventory positions. While
the specialist shorts moving average in yellow (displaced 2 weeks to
compensate for reporting delay) is clearly at extremely high levels, the
specialist short data seems to do a better forecasting job at bottoms rather
than tops.
-----Original Message-----
From: U.Stuart Auslander, NYC <u.stuart-auslander@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, February 07, 1999 1:31 AM
Subject: Re: Market Trend, continuation of bear begun in April 98
>stimulation, declining interest rates and declining rates of inflation.
Earl
>Adamy from the Realtraders List has cited extreems of specialist short
selling.
>(Does anyone have a free source for charts on this?) This confirms the
extreems
>of call buying and observation of extreems of speculation in internet
stocks. The
>kind of speculation we see now I associate with the 1969 rally after the
1968 top
>and the 1962 speculation. In each case serious declines followed. 1962
was not
>associated with conventional Fed tightening though interest rates did rise.
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