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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (7647)	11/26/2000 10:23:19 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 10876

Just want to remind you that the COT report will only represent the action up to last Tuesday thus any shorts that covered on Wednesday's sharp decline won't be included. That is where I think most traders covered. The day following Turkey day is almost always up and the SP00 pros knew that. ALso with the election stuff drawing to a close, they would not want to be too exposed over the weekend. Now if you were a professional SP00s trader, and you were looking at a drop like we had Wednesday, wouldn't you cover at least some of your positions??? There fore even if the COT tomorrow doesn't show many of them closing, I still think many did on Wednesday which won't be reported until this coming Friday's COT report. PS - I remember this time of year going to Sears and playing the Demo Pong machines and thinking it was soooo state of the art. Of course they were so pricy and time were tough then so I never got one under my tree. :>( If our kids only knew how things were back then. Good Luck, Lee