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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (6674)5/1/2001 4:00:38 PM
From: Joseph Silent  Read Replies (1) of 52237
 
Paul,

I recall reading yesterday that the commercials are now at a record short level (the shorts on the S&P went up over the previous week). I don't know the ramifications of this, but it's reasonable to think we are not going anywhere without their help. So I'd be more comfortable (hope ?) if we go down and they unload before we think of a new bull run.

My question to you is this: why would a break of 2300 be convincing? Does not a quick break of 2300 only suggest that we may have further to fall? I mean, if the indexes (say, Compx) can be manipulated to reach here, can't they be manipulated to break 2300?

Just curious. Thanx.

Joseph
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