P&S and STO Death Blow's Message Board

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

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To: Jeff who started this subject	1/25/2003 11:18:40 AM
From: jjstingray	Read Replies (3) of 30712

Great point from Lee on Marketswing. One thing that is bugging me shorter term on the COTs and Hahn crash call. EVERYONE is looking for a bounce here. COTs are less short than they have been in a long time. I have hung around Donald so long that I now share his view that the low odds of calling a crash in advance are so low that it doesn't merit paying attention to it but....... I also recall that Heinz Blasnik, one of the smartest people on the market that I have ever known, one time said, "crashes happen when no one is short because there is no one to put a floor under the market. You NEED shorts to have buyers since they are the only ones willing to step up and buy ina falling market. It is them covering that slows the decline and then lets long buyers get the nerve to step up." With only a few COT shorts remaining, who is going to buy if things do get fugly? Again, the odds are so low, that I doubt anything happens but the rug under us is old and weak and seems to be scooting about a little bit.

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