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

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To: Real Man who wrote (74047)11/14/2006 3:17:15 PM
From: $Mogul  Read Replies (3) of 110194
 
Thanks for pointing it out. I saw it as well, but that was a breakout trendline everyone and thier mother had at SPY $139. Stop buy limits were plaed just above. Mo going for a ride.
I saw the ES HPI indicator get to almost 20. Shows me they all were watching the breakout of the bull flag formation. Purely technical from what I can see. Option expiration on friday. Could be very volitle the next few days.

Unreal the risk and the momo from small speculator traders piling in. A really good inverse indicator.

With the latest CFTC Commitments of Traders report that was released yesterday, we see that once again the big money commercials increased those hedges, and are now holding a new all-time record net short position of $40.3 billion. Again, this says absolutely nothing about the short-term, but it does suggest that when looking out over the next several months, it seems unlikely that we'll see continued sustained upside as we know how the big money hedging. Small SPECULATORS are buying with ferver which is what I look for in a potential topping formation toward the end of the year.
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