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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject6/1/2001 7:04:21 PM
From: besttrader  Read Replies (4) of 37746
 
Here is the key point -->

I tend to think today was just the last gasp of bulls trying to give “hope” one last whirl on the first day of the month, but we’ll just have to see what next week brings. The question continues to be one of psychology and not facts. The question being: "when does the hope for the Fed engineered 2nd half recovery that is currently holding up stock prices give way to fear about the reality of there not being a recovery in the 2nd half" because that's when we'll see an absolute avalanche of selling. The commercial net short position in the spoos was roughly unchanged for those who care.
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