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Strategies & Market Trends : P&S and STO Death Blow's

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To: t2 who wrote (8608)9/29/2002 8:04:57 PM
From: Justa Werkenstiff  Read Replies (2) of 30712
 
T2: The end of this phase of the secular bear should have increased frequency of relatively large percentage drop days.

When too many people get short, it should slow the decline. Right now, it can be argued that shorts represent the buying power of the market and they are merely playing against each other to a large extent. That is why buying the new low may work -- shorts have profits to take then as it is the first time we have reached that level and so everybody who shorted above it has unrealized gains.
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