Sorry guys no chance for a down day

LT701 · Oct 25, 2006

Quote from appleseed:

In a famous cartoon many years ago PEANUTS was quoted a saying from a fox hole....we have seen the enemy and THEY is us
Cheers
john

pogo, actually

not that it makes it any more wise

never been a big fan of cliches

wee man · Oct 25, 2006

The fat lady is singing.....

Restricted · Oct 25, 2006

Futures! sheesh, down 3 points is like being locked limit these days.

JamesVU2000 · Oct 25, 2006

Everyone is now free to go out and buy oil and gold because the fed is too timid to break the back of anyone.

kevinmr · Oct 25, 2006

Quote from Maverick74:

I posted something similar to this a month ago when SPX was at 1315. I used this as my rationale for why the market was going higher. But nobody listens. Until these shorts are cleaned out, they are providing the bid below the market.

As a percentage of the total float the SI has been basically flat for years so I am not sure if the SI is as big a part of the current rally as one may expect.

Maverick74 · Oct 25, 2006

Quote from kevinmr:

As a percentage of the total float the SI has been basically flat for years so I am not sure if the SI is as big a part of the current rally as one may expect.

It matters for one reason, duration. Shorts are usually short term traders. The long trade heavily consists of the buy and hold institutional crowd. So that 7.4 billion shares that are short, that is almost all short term traders. If you measure that against only the short term bulls, I believe you will see a significant ratio.

kevinmr · Oct 25, 2006

Quote from Maverick74:

It matters for one reason, duration. Shorts are usually short term traders. The long trade heavily consists of the buy and hold institutional crowd. So that 7.4 billion shares that are short, that is almost all short term traders. If you measure that against only the short term bulls, I believe you will see a significant ratio.

I can see the logic I don't see the value. How do we measure "the short term bulls"? More importantly how do we put it into historical context ala a time series?

Maverick74 · Oct 25, 2006

Quote from kevinmr:

I can see the logic I don't see the value. How do we measure "the short term bulls"? More importantly how do we put it into historical context ala a time series?

You are over analyzing. The bottom line is, the sentiment was way too bearish, everyone was trying to pick a top. The hardest trades to make are usually the right ones. And getting long on this rally was definitely hard.

myminitrading · Oct 25, 2006

Well here we go folks, yet another record close for the dow today, and another up day for the US equity markets. No down days ever in the land of perfect.

Maverick74 · Oct 25, 2006

Quote from myminitrading:

Well here we go folks, yet another record close for the dow today, and another up day for the US equity markets. No down days ever in the land of perfect.

Let me know when you cover your short!