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To: High-Tech East who wrote (42435)3/27/2001 12:46:29 PM
From: chic_hearne  Read Replies (1) | Respond to of 64865
 
Ken,

I haven't studied the unwinding of positions [at least not as much as you, I recall you saying something about doing analysis of various markets over a long period of time]. Maybe you can elaborate a little more on what you've found out. They are typically roughly accurate at calling tops and bottoms, which suggests if the short position is rolling over, the process has just begun and we have a very long way to go.

As I pointed out, the percentage short is at a 5 year high still. It's like saying they aren't betting as much, but of those commercials betting a higher percentage are betting short.

chic