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Pastimes : Ask da_cheif
MVIS 0.981+3.8%Nov 24 3:59 PM EST

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To: Chip McVickar who wrote (5202)9/20/2001 3:05:27 PM
From: Jack of All Trades  Read Replies (1) of 8150
 
Hi Chip,

I can see your pt, but I also believe that the market is still overvalued. If shorts aren't in the market, then when the selling gets going who will be buying when everyone is capitulating? Talk about a liquidity problem...

Plus if one is trading the ES, I beleive the little guy does not move the market. Notice the big down spike today show the lack of liquidity in the ES.

I doubt very much that wall street is not shorting also...
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