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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Moominoid who wrote (9903)1/26/2002 8:54:51 PM
From: High-Tech East   of 19219
 
David ... as of Fri Jan 25 ... the commercials are net long or short the futures as follows ...

DJIA [DJ] ... long 7,139 contracts

Nasdaq 100 [ND] ... short 3,432 contracts

S&P 500 [SP] ... short 51,200 contracts

... of these, I only follow and trade the S&Ps - they are very liquid, even at the mid-hours of the night (Eastern Standard Time) ...

... an important point in my mind is, that while the commercials are not as net short the S&Ps as they have been, prior to about June, 2000, they had never been more net short than about 16,000 contracts ... that is not at all bullish to me ...

Ken Wilson
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