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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: James Strauss who wrote (51782)5/23/2000 12:26:00 PM
From: pater tenebrarum  Read Replies (2) of 99985
 
Jim and all: i have just read that the current short interest ratio on the Nasdaq is at 1,5%. this is interesting, as bottoms in the NAZ during the 90's have invariably coincided with the short interest ratio being approximately twice as high (2,8 - 3,2%). it indicates that there is still a high level of complacency.

regards,

hb
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