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To: JRI who wrote (26237)12/27/2001 10:00:49 AM
From: Shack  Respond to of 209892
 
We continue to chop upwards off the 20th low. I am long for now but I think we are nearing the end of this corrective up and will be keeping stops tighter than usual.

I am still targetting the NDX 1625-1631 area for the end of this move. I think non-tech puts in another high shortly as well.



To: JRI who wrote (26237)12/27/2001 10:07:28 AM
From: John Madarasz  Read Replies (2) | Respond to of 209892
 
got link and info on volume/days to cover?...thx

I'd also like to see some historical data on short interest going back further than 1 year if anyone has a link handy...tia

see this dated info...

wallstreetcourier.com

fwiw May 15 showed a huge increase in short interest on the qqq also...

nasdaq.com

some study on the comp and correlating moves in short interst reported on the 15th gives a little insight as to the possible moves and how they correlate...

stockcharts.com[e,a]waclnyay[d20000801,20011227][pb50!b200!f][vc60][iUb14!Lh5,2!Lc20]

if anything i think this would mean pressure that could keep or maintain a sideways / down market. since this such a news and liquidity driven market, of course it could result in an extraordinary upside move on a news event,

trimtabs.com


what do the odds favor? based on the weakly charts...i think sideways to moderate down