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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (54893)	9/27/2002 5:33:20 PM
From: Clappy	Read Replies (2) of 209892

Freepster, The big action involves tons of positions being closed out totally. This is my WAG although I haven't read anything about it... I wonder if JPM has closed a good portion of it's derivative book. Supposedly if their stock remained under $20, they would be called on to do so. That is the only reason I could think of as to why large commercial hedges would be closed completely. Then again a lot of this COT stuff remains a mystery to me... -ClappyTheCommitmentlessTrader P.S. Commercials went big time short on gold.

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