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Strategies & Market Trends : Trend Setters and Range Riders

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To: Susan G who wrote (4307)4/20/2001 8:56:41 AM
From: Doug Robinson  Read Replies (1) of 5732
 
Short Interest on NYSE Sets Record (Today's WSJ)

"Short sellers who had been benefiting from the stock market's downturn might have been caught going the wrong way in this month's rally: Statistics show there was a record level of short-selling activity in the month through April 12."

One of several excellent indicators that normally proceed the move out of a "bear" market that I have used since the '73-'74 situation. As we have discussed, I like what's happening and it's paid off very well so far this year.

I hope you got in ACF when I mentioned it to you in January. It's up over 50% so far this year and as are the specialty retailers that were mentioned.
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