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Strategies & Market Trends : The Options Box
QQQ 624.28-0.2%Dec 8 4:00 PM EST

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To: Lost to Voodoo who wrote (7704)11/29/2000 7:54:22 AM
From: Poet  Read Replies (2) of 10876
 
Vood:

COT data released yesterday, indicating more selling in the future:

From the Tuesday OptionInvestor newsletter:
"CBOT Commitment Of Traders Report: Monday 11/27
Weekly COT report discloses positions held by small specs
and commercial traders of index futures contracts on the
Chicago Board Of Trade. Small specs are the general trading
public with commercials being financial institutions.
Commercials are historically on the correct side of future
trend changes while small specs are not. Extreme divergence
between each signals a possible market turn in favor of the
commercial trader’s direction.

Small Specs Commercials
DJIA futures (Current) (Previous) (Current) (Previous)
Open Interest
Net Value -138 +100 -2462 -2436
Total Open
Interest % (-1.94%) (+1.42%) (-9.76%) (-9.60%)
net-short net-long net-short net-short

NASDAQ 100 (Current) (Previous) (Current) (Previous)
Open Interest
Net Value -363 -733 -223 -77
Total Open
Interest % (-1.76%) (-3.58%) (-0.42%) (-.16%)
net-short net-short net-short net-short

S&P 500 (Current) (Previous) (Current) (Previous)
Open Interest
Net Value +68303 +61563 -79145 -72376
Total Open
Interest % (+34.74%) (+32.17%) (-11.76%) (-10.91%)
net-long net-long net-short net-short

What COT Data Tells Us: Commercial positions in S&P 500 remain at
their ten-year extreme short levels with the disparity between
Small Specs and Commercials increasing.

Small specs have now gone to a net-short position on the DOW. Data
compiled as of Tuesday 11/21 by the CFTC."

Are you still holding your QQQ short?
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