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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: sa-mule who wrote (4009)7/28/2000 4:21:24 PM
From: LaVerne E. Olney   of 19219
 
I still believe the COT may reflect hedging activity by the commercials; the large traders are gradually increasing their long positions. I don't think the market is as bad as the COT intimates.

This was a good day to initiate my long position trades. When the CNBC goons parrot SELL! from the floor traders and managers, this means we've hit a low.

The QQQ volume ended up about 180%; total index share volume up 160%.

Have a good weekend.
leo
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