$WLD On the books, long positions make up two-thirds, being steadily drained from the owner one block at a time over seven hours—this long position is left with only the shell; I’m cutting with the shorts. The long/short ratio is pinned at twice, but both the account and the long exposure are shrinking in sync—one drops four points, the other drops three. The brighter the picture, the harsher the drawdown from the positions. Globally, long accounts are only 57%; retail investors are even more cautious than big players. Over three days they’ve given back nearly one-tenth, and over four hours the direction is downward—this round has no follow-through.