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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High-Tech East who wrote (12418)5/28/2002 6:18:48 PM
From: yard_man  Read Replies (1) of 19219
 
>>... the commercials are frequently early, but rarely wrong <<

meaning? They are wrong now, but holding a losing trade until it turns into a winner or it is one of those rare instances where they will have to take their lumps?

Don't know how much of those shorts were from 280, but I suspect that they aren't going to be hugely right from that level any time soon, even if there is a pullback.
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