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| Do any of you have a guess as to the main driving component of the last two trading days? Is it truly new money coming into the market, or is it all the people who got caught on the wrong side? Are the people who sold on the board being forced to buy back (margin calls). I truly have a hard time believing that this is all new money. Is there a way to determine this?
I think this might be the key to timing the top. As soon as any downward movement begins, the current speculative longs will be doing the same thing to the market that the shorts are currently doing. This whole thing is crazy.
Edited by Illinoisfan 1/14/2008 12:36
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Long buying or Short covering?
