tag:blogger.com,1999:blog-524424037855183124.post4402692498421869466..comments2023-08-27T02:28:24.135-07:00Comments on Elliott Wave Index Trader: It stopped at 750...I've changed my counts...Richhttp://www.blogger.com/profile/00672860805931384423noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-524424037855183124.post-23787279303549999802009-03-18T17:44:00.000-07:002009-03-18T17:44:00.000-07:00Hey kidflare, I don't know of away one can "know" ...Hey kidflare, I don't know of away one can "know" this is mostly short covering. However, one way to look at charts is through the eyes of fear and greed. Fear is a stronger emotion and accompanies fast moving charts (generally to the downside as people are fearful of losing everything). We've had such a fast rise off of the low that it can only be the fear of shorts covering as quickly as they can. Certainly there is panic buying (fear of missing out), but in the end true buying is steady and sure. If this is the next mini bull (3-6 months), then after we get a nice correction (to scare the bulls) then we will get steady buying. I'm not yet convinced, but certainly this rally feels stronger than anything we've had lately.Richhttps://www.blogger.com/profile/00672860805931384423noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-71321603369943859192009-03-18T15:38:00.000-07:002009-03-18T15:38:00.000-07:00Good evening (3/18) Rich..Kidflare in Wilm, NC; I'...Good evening (3/18) Rich..Kidflare in Wilm, NC; I've been reading alot lately that this present Rally is mostly Short Covering. How does anyone know that? Is there any "indicator", web site, or other way one can determine that?Grail Traderhttps://www.blogger.com/profile/04289371776453444200noreply@blogger.com