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August 30, 2007



What a good call yesterday regarding the "short squeeze". For the benefit of your avid readers can you explain the "tells" you saw that led you to that view. Would be most appreciated.

Trembling Hand Trader

Probably a good guess but many things seemed to be lining up for a rally in the States. The Yen started to pull back once our markets opened. We made a low in the first 30 min yesterday and ran all day after that. Japan and Hong Kong went up in their arvo sessions. But mostly it just seemed that to many were short expecting a fall after the snap back rally.

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