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Strategies & Market Trends : The Player's Club
SPY 675.02+0.9%Nov 25 4:00 PM EST

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To: GROUND ZERO™ who wrote (2720)12/14/1999 10:26:00 AM
From: John Pitera   of 11513
 
the CRB does appear to have rounded over and it has broken below it's uptrend line of rising bottoms since sept.

a break below 24.50-60 would be a negative for crude as would as would falling below the late sept high of 24.00 basis Jan.

the commercial are short crude and the spec's are long which further supports your thesis,:

Crude Oil...........long..............short

Large Speculator...56,675 -15,781 ---18,469 -612

Commercial Hedger..369,999 14,857 ---427,077 504

Small Trader.......107,002 1,228-----88,130 41

the 200 dma is under 20 currently
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