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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: LaVerne E. Olney who wrote (3827)7/16/2000 3:25:04 PM
From: J.T.  Respond to of 19219
 
Leo, While the COT Report is an enigma of sorts, one fact is unequivocal: the commercials have never built a short position this massive in the SPX.

Market internals and breadth has improved, but market sentiment is extremely bullish as measured by the low put/call ratio and this is extremely Bearish. Rydex confirms it unlike October 98 when the deck was stacked in the short accounts.

Best Regards, J.T.