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Strategies & Market Trends : The Market Beacons
SPY 671.910.0%4:00 PM EST
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To: Magnatizer who wrote (638)4/1/2001 2:18:30 PM
From: Sergio H  Read Replies (1) of 1298
 
Mags, have you had a look at short positions as of March 15th? Positions are still very large and should be a factor as market looks for a bottom.

JDSU, EXDS are good examples. Short covering as the stock hits the bottom Bollinger resulting in short term rallying.

Sergio
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