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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (72183)10/27/1999 4:36:00 PM
From: Ken98  Read Replies (1) of 86076
 
Heinz, I agree.

LG, this was more that just short covering - it was a short squeeze based on information. This is exactly what happened the Thursday before Labor Day (huge runup the last 1/2 hour day before) and then on Friday the mother of all short squeezes with the NDX up over 5%. Ditto (on a smaller scale) the CPI numbers last week and the month before. Seems to be a clear pattern for statistics coming out of the Dept. of Labor.

Of course if ECI comes in high, I never wrote this. <g> But the good news is that a couple of days after the short squeeze rally starts to fade is a good time to get short again.
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