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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (4613)4/20/1999 9:43:00 AM
From: Ian@SI  Read Replies (1) of 15132
 
Justa,

On a strong down day, day traders are likely to be short during the day. Many of them hate to have any position, long or short overnight. Using that logic, I'd suspect that an end of day move would be, in part, due to the day traders closing out their positions.

Just a WAG,
Ian.

"Do you think these last trades that pushed it up were shorts covering?
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