Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (79639)	6/16/2002 2:42:19 PM
From: Shack	Read Replies (4) of 99280

IF the NDX does NOT rally ho in the coming weeks, COT is wrong. Actually the combined position of the big NDX contract and the NDX mini for the commercials has them short 7K big contract equivalents. Commercial position: NDX big contract: long 9K NDX mini: short 80K (or 16K large contract equivalents) Net position in the NDX: short 7K. Add this to the commercial's short position in the SPX (78K contracts combining the large and mini) and it is obvious that the big boys expect more down, not up.

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