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To: BearWash
looking right here at an S&P daily chart--haven't had even a one week correction in a year.

Short interest is high compared to what?

And what name did I call you? Sensitive to criticism are we?
11 posted on 02/17/2004 8:50:57 PM PST by youngjim (Time wounds all heels)
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To: youngjim
Looking right here at an S&P daily chart--haven't had even a one week correction in a year.

I agree -- no real corrections -- that's why I qualified the term. Do you not understand the phrase "if you can call it that"?

Nikkei's two major bear market counter-cyclical rallies both had similar profiles and lack of corrections. Followed by MAJOR declines.

Each pullback is met with shorting and put buying.

A daily newsletter I subscribe to frequently shows short transactions to be more than 50% of overall volume on NYSE, and this is not limited to down days.

When someone with the screenname "youngjim" tells me to "leave it to the adults", and I have been following stock market internals since 1974, I tend to permanently remove that person from my list of credible posters. And no longer read their replies.

12 posted on 02/18/2004 11:17:05 AM PST by steve86
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