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To: AllansAlias who wrote (51662)12/27/2000 3:54:29 PM
From: John Madarasz  Respond to of 436258
 
Message 15088017



To: AllansAlias who wrote (51662)12/27/2000 4:27:30 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
yep, but i see signs that this rally won't last...mainly the VIX convinces me, as well as the renewed collapse in the p/c's. not to forget proven complete dorks trumpeting bottom on TV again.

btw, last week's CoT's in the aggregate (i.e. over the whole breadth of different stock index contracts) had the comm. net short at a new record, and conversely the trader long too. they (comms.) may have covered some this week, we'll see. but note that their biggest net long exposure usually COINCIDES precisely with the low...getting there means covering bit by bit as we go lower.