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Technology Stocks : YURI ( YURI SYSTEM ) -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (754)	3/6/1998 8:14:00 PM
From: peter n matzke	Read Replies (2) \| Respond to of 1181

"One of the little appreciated results of a large volume of short selling is actually to strengthen the market. Every short seller is a potential buyer. Most short sellers are glad to cover and take their profits on a relatively minor decline. Consequently, if there is a big short interest at any given time in a particular issue, that means that there are many people waiting to buy that stock when it goes down. This situation tends to cushion bad breaks. Some astute operators will actually buy a stock when they learn that there is a very large short interest in it because they realize that competition among the short sellers to buy the stock whenever it has a small decline may result in a very fast and profitable short-covering rally. Any stock is stronger, technically, if there is a good sized short interest in it." pg 395 Technical Analysis of Stock Trends Of interest to note, is that with large point moves across the board today, the tick positive for all but a couple minutes, money flow was actually negative, infact to the tune of 300 million as of about noon today. amazing right! its called short covering ps in regards to ta, moving averages are lagging indicators, you want to use leading indicators