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To: High-Tech East who wrote (35124)9/8/2000 4:30:23 PM
From: High-Tech East  Respond to of 64865
 
Taken directly from the Commitment of Traders website

"There is no surprise in the report issued by the CFTC on 9/8/2000. The report continues to show that commercial positions in interest rate products and stock indexes remain at near record short levels suggesting that interest rates are too low and will likely go higher soon and that the stock market is overvalued and there is more to come in the decline in the market. The positions of the commercials in interest rates and stock indexes have been in this situation for the past few months and the markets seem to be stuck in the mud. The commercials are not giving up their bearish positions and the Small Spec just keeps on looking for stocks to go higher and interest rates to go lower seeming to think they are protected by the coming election. If history proves a valid guide again, the net commercial
position will be on the right side of the market and the Small Spec will again get crushed and wonder why he had no warning."


commitmentsoftraders.com

Ken Wilson