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To: marginmike who wrote (115271)3/8/2002 10:14:41 PM
From: Robin Plunder  Respond to of 152472
 
Marginmike, the COT for SP500 was up to 80,000 net short this week, the highest it has been since at least last summer, I think. Do you think this is significant, or perhaps a one week flyer?

Hays smart money index has been trending down since mid December, it usually has a 70-80 day lead time.

Do you think this rally is putting in a higher low on the Nasdaq, or just another bull trap?

The ECRI folks repeat that their long leading indicators for the US show no double dip is expected, and their short leading indicators continue to show a mild recovery.

Robin