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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (13214)	4/27/2001 5:49:02 PM
From: Boplicity	Read Replies (1) of 13572

I take today's action as further proof of the change in investor psychology that I have been mentioning for the past few weeks. A lot of times the market will sell into the weekend, with the long traders not wanting to hold during the weekend, but today we firmed into the close as the shorts ran scared not wanting to hold over the weekend! The shorts have to be concerned about it now, and will stew over the weekend. Also, the bulk of earnings season is now behind us, taking in consideration today's action, and the fact that bulk of earnings season is behind us, you can add it all up to be bullish since fuel for the shorts is being used up. You have to keep this in the back of your mind when you are watching a market near the bottom, that the market has been controlled by the short side, and the many longs are on the side still. The shorts have been the players in the market and they still are, so how the market is acting is how the shorts are thinking. Greg

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