Saturday, November 19, 2005 6:45:30 PM
I don't think we're going to see much more short covering/converted to longs from the large and small specs. The majority of those positions already closed. Commercials are net short after being 74% long at the bottom and could be a growing headwind.
It's going to take more real buying to compensate for the loss of short covering gains.
It's going to take more real buying to compensate for the loss of short covering gains.
Gizmo...
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