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

To: QwikSand who wrote (45879)	10/10/2001 5:15:18 PM
From: High-Tech East	Respond to of 64865

<<Ken: If you watch your own COT report Commercial Hedgers' S&P Futures Position indicator, it's sort of been going up like a rocket (i.e., net short position going down) the past few weeks. That indicator actually appears to have bottomed before Sept 21. You're the one who said you thought those guys were right 90% of the time.>> QS ... you are correct in everything you just said ... however, oftentimes, the most violent portion of the reaction (the bearish or negative reaction, in this case, that is related to the commercials) hits equities the hardest close to the time that the commercials get close to neutral overall ... that does not mean that the commercials will be correct, but it does mean that we are probably getting close to the end of the bear move overall ... my interpretation, right or wrong, is that we will have one more dramatic move down - probably by November 2 ... and that might be the time to start rebuilding positions in common stocks ... Ken Wilson