I'm begining to think the same thing. Really can't make much sense out of todays session as of yet. A close below 870-50 would definately bring on those shorts.
Seems like no buyers left and I think institutions are accumalating those shorts.
Will we get a test of 11,000?
The NYSE members and NYSE specialists charts are definately showing a rise in shorts Thats the dominant money.
On the other hand the Public short sales chart has fallen to very low levels (dumb money). Meaning now that they have been cashed out the markets the Dow and co will probably turn!
Major topping soon. 11,000 or no 11,000!