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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (45922)8/17/2001 2:56:50 AM
From: LTK007  Respond to of 56532
 
Significant point i just learned--today's rally? Keep in mind we are returning to that rapid rise off lows,a lot of shorts have been waiting to cover since then--this is where longs that have antipathy against shorts simply don't understand the market place.These shorts waiting to cover after a key support line is broken,is a huge part of liquidity.Take away shorts and you would be dead.The constant covering action provides you a chance to get out.
And it is the MMs greatest tool i suspect,they can initiate rallies via short covering,and/or flushing nervous shorts by a getting ram-up started.Max