august pivots, page-54

You can calculate the shorts covering by taking the daily short stat and the Total Outstanding shorts stat N1 minus TOS Nzero (if you get what I mean). In other words, if TOS three days ago minus four days ago is negative but there is an increase in the daily then there is covering taking place.

Not much change over previous days due, primarily, to extremely low volumes. If we get more impetus in the market over coming days we should see some stress buying.