SI
SI
discoversearch

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 -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (3552)6/17/2000 2:45:00 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 19219
 
JT, which utility index are you referring to? There are several -

quote.yahoo.com

quote.yahoo.com

ahhh - you must mean this one -

quote.yahoo.com^DJU&d=t



To: J.T. who wrote (3552)6/17/2000 5:49:00 PM
From: LaVerne E. Olney  Read Replies (1) | Respond to of 19219
 
COT - S&P500
marketpit.com

Truly a faceoff - commercials vs "you and me?"

leo



To: J.T. who wrote (3552)7/3/2000 12:00:20 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Commitment of Traders (COT) Report Update: Bearishness Increases

Positions as of 6/27/2000:

Large Commercial Traders (banks, brokers, institutions) continue to build massive short positions to an all time high RECORD SHORT POSITION 41,758 net short S&P 500 contracts.

The commercials are in the know and had built a record net long 100,000 + contracts in late 1994 before the great Bull market took off in 1995'like a rocket. During this same time in late 94' the large speculators built up a record net short position of 80,000 + contracts and did not go net long until 1998 (and only for a brief 2 weeks) - three years into the orbit launch.

Why do I bring this history up - especially with the large speculators? Simply this:

The Large Speculators are the trend followers and usually late to the party. More importantly, these large speculators have now remained net long for the 7th consecutive week - the longest stretch since the year of the crash - 1987. Large speculators have a history of being wrong at the worst possible times

Caveat Emptor.

And with this potential counter-trend bounce, the game of russian roulette continues. How far into July is a roll of the dice. Snake eyes anyone?

Best Regards, J.T.