paddington's bear, donkey and rabbit - tuesday, page-25

I notice the highest level of short sellers are in play since 2006...I assume (rightfully or wrongly) this includes in most part the larger institutional funds...

If this is the case, wouldn't it make good sense for the funds to take advantage of the low volume increases in markets and sell the market back down to collect the shorts on the way?

If there had been higher volumes this past week, then I would be of the opinion the fundies were ready to move up...but atm, I don't see that..

I may be wrong, but I see this latest move only as a volatility swing against the trend.....

Big call I know and will probably be canned for it...but I just don't see any market conviction.....