Chart of the Week: NYSE Specialist / Total Short Ratio

Thursday, March 25, 2004 | 11:35 AM

Another sentiment indicator turns Bullish: the Specialist to Public Short Ratio (60 year chart), is at a levels which in the past have been associated with intermediate lows.

Ratio: NYSE Specialist / Total Short Ratio
nyse_specialist_short_ratio.bmp
Source: Investech Research

Specialists themselves may not be bearish, but often turn out later to be right because the public or the "crowd” was wrong. In declining markets, it’s the public who is doing the selling (and shorting) and the specialists who must buy to maintain an orderly market - even if they are not bullish at all.


Random Items:
The myth about risky cyclical stocks
A Year After Iraq War
The Outsourcing Bogeyman
American vs. European Welfare
Geopolitical tensions ate my portfolio
Easy Al's 1% Wonder


Quote of the Day:
“The CROWD is always wrong at market turning points but often times right once a trend sets in. The reason many market fighters go broke is they believe the CROWD is always wrong. There is nothing further from the truth. Unless volatility is extremely low or very high one should think twice before betting against the CROWD.”
-Shawn Andrew, Ricercar Fund

Thursday, March 25, 2004 | 11:35 AM | Permalink | Comments (0) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83503df4953ef

Listed below are links to weblogs that reference Chart of the Week: NYSE Specialist / Total Short Ratio:

Comments

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner