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To: bcrafty who wrote (77966)7/26/2003 5:25:59 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
the notion of a big selloff heading into fall appears unlikely, at least according to this indicator

Thanks, bc. Low % short specialists, high % short public. That's a strong argument for the bullish case.

I guess it might be important to watch out for a rapid reversal in this ratio. If the tired bears begin to cover aggressively on any strength - or, because of having lost confidence, on any weakness - we may have a hound in the making. But, speculations aside, taken per se this is indeed a bullish argument.