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They short squeeze is over and institutions know it. They're getting out... even as they keep talking about "Green Shoots".
ReplyDeleteBen, thanks for dropping by!
ReplyDeleteI would love to see where ISEE (indicies/etf) end today.. wow they sure are bullish! All out on calls on everything no holding back!
ReplyDeleteFrnak
I've noticed, thanks Frank. It's 108 now, I suspect at the end of the day it'll bellow 100.
ReplyDeleteIs a free chart of the daily ISEE index available?
ReplyDeletehttp://www.ise.com/WebForm/viewPage.aspx?categoryId=126&header2=true&menu0=true
ReplyDeleteCobra,
ReplyDeleteLooks like institution is definitely not accumulating but they are not distributing either. Since they haven't been distributing, it may be that the market has not topped yet. What are your thoughts?
Thanks,
Richard
Richard, but, from the chart, institution has more distribution than accumulation now. What's your standard for arguing that institution is in distribution?
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteCobra, I see your point. I would expect to see a bigger gap between accumulation (5500) and distribution (6750). May be I don't know how to read this report. Can you show me the proper way to read this report? Thanks, Richard
ReplyDeleteRichard, there's no absolutely correct way of reading a chart. Stocktiming.com himself suggests not to short yet so maybe he agrees your readings more.
ReplyDeleteCobra, thanks for your replies. Much appreciated! Richard
ReplyDeletethanks for the chart!
ReplyDelete