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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (4251)7/12/2001 12:58:42 AM
From: John Madarasz  Read Replies (1) | Respond to of 33421
 
John...if the cot's are any measure, now is a good time.

According to George Slezak's site, the last time the commercials were this net long was back in early to mid '97. Similarly the large specs were at their record net short positions...a very positive divergence. The only other period when this scale of divergence appears is the beginning of '92...the divergence held, albiet at slightly lower levels respectively, leading to the '93 lows and subsequent rally...

tfc-charts.w2d.com

commitmentsoftraders.com

Here's a nice way to play the sector too:

stockcharts.com

I'd love to see a little stronger base but the commercials are saying "get long"

stockcharts.com[w,a]waclnymy[d19950101,20010711][pb50!b200!d20,2!f][vc60][iUb14!La8,17,9!Lf!Lh5,5!Li5,5!Lc20]

Thanks for the Yardeni links.

Best,

JM