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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Compadre who wrote (12041)4/26/1999 2:31:00 PM
From: Ramsey Su  Read Replies (4) | Respond to of 99985
 
jaime,

I have no data off hand but don't you all think that the shorts are surprised by the recent move, espeically a 300 point Nasdaq move in 3 trading days. This got to be the mother of short squeeze right now.

The TRIN may be too high for real buying to be occuring. The volume is also relatively low.

If the buying is indeed mainly from short covering, then today or tomorrow's buy in, per Donald's Class Sell's, may be very attractive.

Ramsey