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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (37081)3/4/2002 4:00:52 PM
From: farkarooski  Read Replies (1) | Respond to of 99280
 
<<well I've been in and out a few times.. >>

so you actually didn't get hurt too bad, right ???



To: rocklobster who wrote (37081)3/5/2002 3:18:59 AM
From: Psycho-Social  Respond to of 99280
 
Re Short Positions:
Jake Bernstein's indices of trader sentiment show varying degrees of overbought readings on the major indices. figures below represent % bullish traders:
S&P 80% 3dy, 78% 5dy, Nasdaq 73% 3dy, 72% 5dy;
Nikkei 86% 3dy, 80% 5dy, and a rare 95% for today's survey.

While all are overbought, the Nikkei is extremely so. There's a good chance your short position will prove fruitful over the next week or so.


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