Short Term Trading Member Forum

[mr_cash4]

from sentimnet standpoint, we got plenty of room to run - the NYSE Public and Specialist Short Ratio reports keep showing that the Public is holding twice as many short positions as the NYSE Specialists. Furthermore, CBOE P/C ratio is extremely negative with 21-day and 10-day SMAs hovering at about 0.9, which of course is to be interpreted as bullish. Even the NYSE Odd-Lot Shorts numbers are running in (historically) high range, meaning that there are lot of odd-lot transactions which are shorts.

And IMHO until we see a major reversal in all those numbers, the markets are going to rally as the small specs just keep on shorting the market, and IMHO they will keep getting punished for that - i.e. we need to see a "capitualtion" from the small specs and have them abandon shorting the market before we can turn.

will see, good luck all - and, again, it's really fascinating to watch this unfold.