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Strategies & Market Trends : Classic TA Workplace
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To: marginmike who wrote (50525)8/17/2002 9:24:27 AM
From: AllansAlias  Read Replies (3) of 209892
 
What is interesting in the s-t is that we probably now have a large number of trapped shorts. Did you notice that ES short figure for small traders didn't come down that much this week. This will provide support in the early stages of any pullback as these guys try to get out to cut their losses. For all we know, the line of least resistance may be up: just squeeze 'em out of their positions and then drop hard.
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