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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (48830)	8/2/2002 3:36:36 PM
From: The Freep	of 209892

A couple thoughts -- they maintained a short posture even after the September low, correct? So as far as "the low" it's not clear to me that they'd be long now, as you are thinking new lows down the line regardless. (they're still about 50K net short on the Spoos, so it would take two more weeks like this to switch to long) Second, it does seem to imply, barring a sharp reversal in the numbers next week, that we're looking at something like the September bottom. Sentiment also seems to suppor that. Again, though, the similarities between then and now are. . . well. . . too similar in many ways. Still, it does give bully a nice breath of hope. the freep

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