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Strategies & Market Trends : Sharck Soup
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To: besttrader who wrote (16201)4/13/2001 6:05:16 PM
From: Merlo   of 37746
 
Last bull market was fueled by short covering. As stock prices went ever higher shorts covered at most stops along the way adding fuel to the rally's. Will this happen again? It appears it already has on some highly shorted stocks. As I said several weeks ago NASDAQ 5000 was not about PE ratios. It was about momentum created by longs buying and shorts covering. The money I've made since then sure is real. Will this last I don't know but will ride the trend until I see otherwise.
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