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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: QwikSand who wrote (45132)	9/9/2001 2:53:59 PM
From: High-Tech East	Respond to of 64865

<<Commerical Hedgers' Aggregate Net S&P Futures Position" indicator has been bumping around and finally THROUGH a new low over the last few weeks>> QS ... NO, not the way I read the charts for the S&P (I subscribe to Genesis charts) ... (1) The commercials are not close to being as net short as they were in early March. (2) Public sentiment is not anywhere near bullish enough to consider the S&Ps a good short candidate. (3) In addition, the 14 bar stochastics and the 7 bar ADX-DMI are bullish, not bearish (they are paunching, not pinching). Plainly, the S&Ps are not set-up to short or buy "puts." The reasons for buying my new March S&P "puts" are all about the macro-economic situation hitting investors head-on between now and November 1. As someone once said, "It's the economy, stoopid." Ken Wilson Note: when I started buying "puts" in mid and late 2000, the S&Ps were much more set-up to short or buy "puts."