From looking at the recent stubborn nature of the index charts, I agree with you that a short squeeze seems more likely than not within the next 6-8 weeks. Looking back at the 2001-2003 charts, the bear market index rallies seemed to hit resistance between the 100-150 day MA, then continue their next leg down.
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GKM,
Feb 24 06:48 am
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All Comments by zenalgorithm »A Short Comment on Shorting [View article]
From looking at the recent stubborn nature of the index charts, I agree with you that a short squeeze seems more likely than not within the next 6-8 weeks. Looking back at the 2001-2003 charts, the bear market index rallies seemed to hit resistance between the 100-150 day MA, then continue their next leg down.