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In a message dated 11/10/00 10:24:02 PM Eastern Standard Time, sgs33@xxxxxxxx
writes:
<< I DON'T daytrade anymore...but as I said...would be interested too know if
new "net net" shorts are established and in nice profits from last week by
the 'big boys' on the street...as I suspect they added aggressively to shorts
after the bush/gore debacle...
I do know west coast speculators didn't like tech margin calls at 2:30 pm
from their favorite broker's...depressing Friday for those that haven't
covered their previous 'sector' leader tech holdings...
and so it goes...
steven
>>
Hello
hope you all had a nice weekend
the nya put in an inside day Fri
the NASDAQ is showing a bullish divergence on both rsi and new hi new low
the p/c ratio is VERY bullish
the vix is close to a buy
overall showing hints that the commercials are DECREASING their shorts
(only taking profits and not going long)
when we close 2.1% from the low THEY will close all shorts or have a low
amount.
(this will be a little distorted by Fri option expiration)
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