SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Steve's Channelling Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Pink Minion who wrote (15140)4/29/2001 6:27:52 AM
From: Dale Baker  Read Replies (1) of 30051
 
I agree that shorts don't control the market, but remember that only experienced shorts cover on weakness and sell into strength. All the rookies involved now only started shorting (and buying puts) when it was "safe" to make "easy money" once the Naz fell under 2000. All the buzz said Naz 1200-1500 was "inevitable". Oops.....

Then the Naz bounced and hasn't cracked that barrier yet. A certain amount of panicked short covering from the newbies is spicing up the mix on the long side lately.

Just my SWAG.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News