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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Real Man who wrote (72652)10/26/2006 7:36:10 AM
From: Rarebird  Read Replies (2) of 110194
 
>>When I watch the DOW tape on quote.com, I can see these huge orders during flagpole rallies as well. I can't tell if they are coming from one account. The futures traders can, and they do.>>

The commercial hedge funds may have started covering their short stock index futures positions, representing approximately 70 billion worth of stock.

The commercial hedge funds are extremely short the S&P 500 e-mini. According to the latest report from the CFTC, hedgies held 763,390 long contracts to 1,071,043 short contracts (as of last Tuesday's close, 10/17/06). That represents a net short position of 307,653 contracts. Each point by which the S&P 500 rises costs the short funds $53,552,150.

cftc.gov
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