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Strategies & Market Trends : Classic TA Workplace

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To: High Country Trader who wrote (119584)5/28/2005 1:15:34 AM
From: Shack  Read Replies (1) of 209892
 
how underbelieved the tech rally is in the various forums

I tend to agree, but its even more than that. EPC has remained stubbornly high as has the bear/bull Rydex ratio which is still 5-1 short on the SPX funds. Meanwhile I noticed tonight that the COT report on the SPX shows the lowest short position for the commercials and the lowest long position for the small specs since the October 2004 swing lows.

I think this has plenty more to go, the recipe is there: A strong trend that does not appear to be respected thus far.
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