MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: lurqer who wrote (14763)	10/9/2002 4:35:20 PM
From: High-Tech East	Read Replies (1) of 19219

lurqer ... I do not take issue with what David Nichols has to say about the COT and the commercials and SP futures specifically ... ... however ... (1) the commercials are often early (sometimes very early) ... (2) I would feel a lot safer being bullish on equites in general when the commercials get net long (maybe when they get significantly net long) ... just my personal opinion ... ... some interesting history ... *09/25/98 SP = 1051.00* ... followed by large and extended SP rally Commercials = net long +34,491 contracts *10/22/99 SP = 1307.20* ... followed by large SP rally Commercials = net long +38,817 contracts *03/09/01 SP = 1244.10* ... followed by large rally Commercials = net long -111,956 contracts *09/07/01 SP = 1083.30* ... followed by 09/11/01 and 09/24/01 SP cycle low 939.00 ... and then large rally Commercials = net long -79,987 contracts *04/05/02 SP = 1125.40* ... followed by large SP drop ... Commercials = net long -93,043 contracts *09/27/02 SP = 825.30* ... followed by ????? Commercials = net long -17,385 contracts assuming I copied the above data from my Genesis/GFDS charts correctly *... in the interests of some disclosure ...* I own DEC and MAR SP puts right now, and have bought, held and sold SP puts, with considerable success since July, 2000 ... no predictions for the future ... <g> ... I think the quick change in direction by the commercials on the SP is bullish ... but bullish right now ... ??? Ken Wilson

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next