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To: yard_man who wrote (174491)	6/21/2002 6:17:40 PM
From: sammaster	Read Replies (1) \| Respond to of 436258

"Based on information received from members and member organizations, short interest increased to a record 7,208,392,409 on June 14, 2002 from 6,702,909,461 shares on May 15, 2002." nyse short positions INCREASED during downturn....usually this smart money indicator is right on target unlike "dumb money" shorts... why did i cover my shorts?!? anyone know if spoos and naz shorts increased as well? seems like p/c ratios been high for a bit which indicates time for a rally but with smart money short position increasing i'm getting a funny feeling about that rally not showing up for the party until true capitulation occurs....becuase the smart money folks need large volume washout to cover their positions...