Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 41.73

-3.0%

Nov 7 4:00 PM EST

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To: da_cheif™ who started this subject	3/1/2004 12:32:09 PM
From: da_cheif™	Read Replies (2) of 206760

specialists shorting NYSE Specialists Short Sale Ratio stands at 20.7%. This is the lowest since the 20.5% reported on September 14, 2001 -- and you may remember the stock market was closed that day after the 9/11 attack. Outside of that event, the lowest level of shorting since 1979 was 24.3%, and we are now almost 15% below that level. Specialists shorts have steadily declined for a year, and a glance at the chart shows that most of the extreme lows corresponded closely with interim lows in the S&P. So, if the past has anything at all to do with the present, this indicator is screaming buy.

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