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Strategies & Market Trends : Free Float Trading/ Portfolio Development/ Index Stategies

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To: dvdw© who wrote (2286)12/28/2007 10:53:30 AM
From: dvdw© of 3821
 
Interesting.

14-Dec Reported Short open interest 8,280,539,309

Naz composite share vol for all trading days from Dec 3rd to Dec 14th
20,899,658,889

SOI as a % of all trade volume month to date 40%

Within the context of the data above, the Days to cover number as offered up in the Naz Press release is woefully wrong.

The data actually show the same drop in volume moving averages as MM1 and MM2 have shown since Sept.

When all is said and done, its pretty clear that this market is Sold Out.
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