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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Alan Smithee who wrote (38094)4/6/2001 12:47:06 PM
From: Crystal ball  Respond to of 50167
 
Institutions PULL PLUG ON SHORTS THIS PM, they borrowed to the Shorts against the Longs all the way down, but now at 70% down, the institutions know there is more money in squeezing the Shorts all the way up. Expect a SHORT SQUEEZE this afternoon, and a late day Rally as SHORTS COVER their positions, as no one wants to hold a short position over the weekend. This may break the Friday trend, and that will be a good sign that we have bottomed and that the trend line is back upwards, as each rally exceeds every retrace or subsequent sell offs into strength, with subsequent Rally days pulling the market back up, maybe U shaped if not somewhat V shape and rapid.
I am,
Truly your$,
-Crystal Ball