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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (22713)	10/28/2001 8:38:20 AM
From: stomper	Respond to of 52237

I think the COT commercials are hedging long with the DOW in case of a breakout upwards due to low interest rates and in case a turn around does occur in the economy and they are staying short tech and SPX until the retest happens Hi Lee. That seems as good or likely an explanation as I've heard on the COT action. Thanks for the analysis. As a point of interest, heinz has steadfastly maintained that at "the bottom", we should see the COT's net long about 40-60,000 contracts...before the true bottom is in. If true, that is going to throw off a lot of people who follow the commmercials action, because commercials are going to show a major net long position while the market should have a final push down to the lows. I haven't backtested that data yet, so who knows. Just a FWIW, from a more astute mind than mine. -dave

To: Lee Lichterman III who wrote (22713)	10/28/2001 9:22:48 PM
From: waverider	Respond to of 52237

Brilliant work Lee. Interesting about the DOW. You know the index hasn't really gone anywhere since 1998. If the commercials are seeing what we aren't then perhaps that index will move out of its trading range. wr