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Strategies & Market Trends : Befriend the Trend Trading
SPY 688.98+0.5%Jan 22 4:00 PM EST

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To: TraderWithNoName who wrote (25522)8/20/2002 3:04:31 PM
From: MeDroogies  Read Replies (2) of 39683
 
I hear you loud and clear....

Tell me if you think this may be the reason for the end of day moves we've seen recently:
1. Short sellers (convinced the bottom isn't in) enter market at the open, often pushing shares down.
2. Opening waves settle in, buyers reenter, slowly push prices up.
3. Shorts sit tight, waiting to see action.
4. Shorts run to cover at end of day.

I think there are alot of day traders active in this market, so the scenario makes sense. But it could be way off base, too.
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