Note #2 11/22/05 Pre-Market

2nd day before Thanksgiving - down seven years in a row.
...For very short term traders, the 2nd day before Thanksgiving has been down the last seven years in a row. That makes an attractive one day trade setup for shorts, especially given that the S&P 500 has been up the last four days in a row at a very steep angle. See the charts.
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...Short squeezing? Nice article on the MSN Money site today by Jim Jubak, one of my favorite columnists. Jubak is an excellent picker. One could do a lot worse than just following his model portfolios. He has consistently beaten the market. The article today is about short sellers, the continuing battle between the bulls and the bears, and how the bulls sometimes take advantage of the bears plight (called a short squeeze, and it can be painful, I can testify). There's also some pertinent observations in there about hedge funds. That's interesting to me, as I think those deep pocketed hedge funds (controlling about $1.1 trillion dollars according to the article, account for a lot of the strange pin action in the markets these days. Here's the link:
http://moneycentral.msn.com/content/experts/jim_jubak.asp?msn
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