Monday, August 09, 2010 8:47:07 PM
I look at the low % Short as another good thing. First, check the Chi-Osc on the chart, Chi-Osc is MM activity. Chi-Osc is down significantly which means they're selling inventory they bought on the way up. They're doing this for a reason, to instill fear ... now add that to the low Finra Data and it makes perfect sense -- THEY'RE RUNNING OUT OF SHARES TO SHORT, so they dump their on-hand inventory in hopes of finding sellers.
this makes a lot of sense.... thanks Kuwl
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