herringbone, nice to see new poster and thanks for the kind words.
I certainly didn't think FLA Supreme Court was gona pull its 11th hour ruling. I think FLA is snubbing its nose at U.S Supreme Court 'guidance and now the High Court is gona put an end to this circus.
As for the COT Report: The commercials are now net short 87,000 contracts - the highest reading ever and this confirms my intermediate and long term Bearish prognostication for the market. In the immediate term we still have higher to go but we are getting late in the game.
S&P 500 STOCK INDEX - CHICAGO MERCANTILE EXCHANGE
REPORTABLE POSITIONS AS OF 12/05/00 |
-------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|----------------|-----------------|----------------
LONG | SHORT |SPREADING| LONG | SHORT | LONG | SHORT | LONG | SHORT
------------------------------------------------------------------------------
(S&P 500 INDEX X $250.00) OPEN INTEREST: 496,339
COMMITMENTS
19,911 9,945 4,050 306,620 393,088 330,581 407,083 165,758 89,256
CHANGES FROM 11/28/00 (CHANGE IN OPEN INTEREST: 29,114)
-347 408 133 8,851 14,125 8,637 14,666 20,477 14,448
PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
4.0 2.0 0.8 61.8 79.2 66.6 82.0 33.4 18.0
NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 132)
18 9 12 81 66 102 84
Rydex numbers have not been updated by rydex funds and hence I will not be able to post until Monday morning.
Best Regards, J.T. |
