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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (48556)	3/8/2002 11:10:52 PM
From: jmanvegas	Read Replies (3) \| Respond to of 65232

The Commercial Future Traders, the so-called smart money, are shorter the S&P than they have been at anytime since the May 2001 peak, which argues for some sort of near-term correction. The other side of the equation, the small speculators, are record long. Not a good sentiment picture at all. In my old future trading days, about 90-95% of the time, the Commercials won out and were proven correct. Good luck all. jmanvegas P.S. This is for Jim Wooley CB if you happen to read this post. How are you old buddy? Hope all is well with you. I still read your posts with most interest. I just very, very rarely respond anymore on the threads. Too much noise. These are the craziest of times for both the markets and world/domestic political situation. So much sh*t going on. It does appear that the markets are ignoring any possibility of any future terrorist attacks in the homeland. One more prodigious attack and we crash to new lows. That's why the first thing I do in the morning is I put on CNN and find out what's blowing up in the world. It seems to be okay to the markets if things are blowing up outside the "homeland." But if we get hit again, well you know the rest. I call the above "idiot complacency" on the part of the American investor. As a matter of fact, they did a survey of college students and over 50% of them can't name the Vice President, Secretary of State, or Defense Secretary. But they sure can name 10 different brands of condoms. I love this country.