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To: Lucretius who wrote (237509)4/24/2003 6:36:06 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
Must be! short position increased from 69% to 70%

FWIW - I agree with him.
There are lots of negative divergences all over the damn place.

They must have tons of sh*t to unload cause VIX has been dropping for months and the spooos are up a total of 10 points or something in that timeframe.

TRIN was over 1 for almost the entire day today and hit 1.50 in the midst of theat meltup towards the end.
I have no freaking idea how thay can manage to unload during these rallies but I bet we do not see much more than 10-20 spoos points AT MOST from here.

Perhaps a double top tomorrow at 920 or so.
This rally is damn tired.
Not calling for a crash but a move down to 7900 DOW or 850 or so spoos should be in the cards reaonably soon.

Bought first 1/3 F puts today near 10.50
Missed the top for sure

M