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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: Doug R who wrote (3750)	11/17/1997 5:17:00 AM
From: Dave H	Read Replies (2) of 4701

From IBD (Investors Business Daily): On friday, the ratio of public short sellers compared to NYSE specialist short sellers (public/specialist) was at a 5 year low, at .56 [though they report the date as 10/31/97, which I think is a misprint, or they only update it every two weeks if so, it's kind of annoying to get the info 2 weeks later!]. This number has been over 1.0 since I've been watching it. IBD says above 0.6 is bullish and below 0.35 is bearish. Relatively speaking then, the .56 number is relatively bearish. Just for everyone's information.... -dave

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