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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (8951)	11/22/1997 10:22:00 AM
From: robnhood	Read Replies (1) \| Respond to of 18056

Tommaso,,,a lot of those member shorts may have just been unwound on the expiry... rrman

To: Tommaso who wrote (8951)	11/22/1997 3:11:00 PM
From: vegetarian	Read Replies (1) \| Respond to of 18056

>>I only just looked at how a week ago the member and specialist short positions went clear off the chart here--much higher than anything in the last 4-5 years.<< I am surprised that the member/specialist short position did not have a bearish tone just before July 1996 when we had a tech correction, in fact the short position was on the bullish side before that drop; however, the short position seems to have increased before the March drop this year. The speculative bubble was alive in may 1996 or was the smart money not smart enough before that decline?