Shorts at record high....., page-7

Interesting as generally if you look at the periods of spikes and divergence this is proceeded by a steep drop in percentage shorter during which time the sp drops and then once the shorts percentage converges and crosses over to the downside the sp lags then ascends. The key is to what extent the sp will drop by any selling that is triggered. However one thing is for certain these mimick critical points in the past (pre drill) with a period of consolidation before the sp rises significantly (based on results) with about a 3-4 month period. The key is this increase in percentage means we are getting to that critical point. If we go by that we should wait to see when it starts decreasing steeply creating pressure on the sp.
The support was failed with the lt uptrend at 8c and 7.8 is another important level.
However the spike in shorts has a positive and negative associated. Generally correlates with downward pressure on the sp however the positive is things are on the move again significantly. The only question is when the rise is going to be proceeded by the steep drop.