To: Casaubon who wrote (4670 ) 10/7/2000 2:14:33 PM From: J.T. Respond to of 19219 COT Report (Commitment of Traders)>>>> The smart money Commercials keep increasing net short positions to record levels: Ask WHY??? The commercial money has been long most of the entire bull market except isolated instances and usually bets Long when the large traders are short. Now it is reversed... S&P 500 STOCK INDEX - CHICAGO MERCANTILE EXCHANGE REPORTABLE POSITIONS AS OF 10/03/00 | -------------------------------------------------------------| NONREPORTABLE NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS --------------------------|----------------|-----------------|---------------- LONG | SHORT |SPREADING| LONG | SHORT | LONG | SHORT | LONG | SHORT ------------------------------------------------------------------------------ (S&P 500 INDEX X $250.00) OPEN INTEREST: 397,133 COMMITMENTS 15,304 7,691 2,812 267,566 325,456 285,682 335,959 111,451 61,174 CHANGES FROM 09/26/00 (CHANGE IN OPEN INTEREST: 8,098) -3,809 483 -362 8,640 31,074 4,469 31,195 3,629 -23,097 PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS 3.9 1.9 0.7 67.4 82.0 71.9 84.6 28.1 15.4 NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 133) 14 9 10 83 68 100 84 S&P 500 STOCK INDEX - CHICAGO MERCANTILE EXCHANGE REPORTABLE POSITIONS AS OF 09/26/00 | -------------------------------------------------------------| NONREPORTABLE NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS --------------------------|----------------|-----------------|---------------- LONG | SHORT |SPREADING| LONG | SHORT | LONG | SHORT | LONG | SHORT ------------------------------------------------------------------------------ (S&P 500 INDEX X $250.00) OPEN INTEREST: 389,035 COMMITMENTS 19,113 7,208 3,174 258,926 294,382 281,213 304,764 107,822 84,271 CHANGES FROM 09/19/00 (CHANGE IN OPEN INTEREST: 6,735) 815 451 488 4,021 -20,907 5,324 -19,968 1,411 26,703 PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS 4.9 1.9 0.8 66.6 75.7 72.3 78.3 27.7 21.7 NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 128) 15 10 10 79 61 96 79commitmentsoftraders.com Commercial net short interest the SPX 500 contract is now swelled to a record net 57,890 short open contracts vs. 35,456 only 2 weeks ago. I don't make up these numbers to justify my Bearish bent. Numbers don't lie... Best Regards, J.T.