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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Stockdoctor who wrote (43859)	3/25/2002 5:24:57 PM
From: t2	Read Replies (2) \| Respond to of 99280

for a spring rally to really blossom, the Commericals have to reduce their heavy short position in SPX. Currently they are heavily short at 88k spoos. Last two times readings were registered this high were back in March 2001 and Sept 2001. We know what happened at those times. Doesn't the commercials starting to cover their shorts and go long start the rally. All that is needed is a start of that process. So all they are probably waiting for is some indicators of fear; high P/C, VIX, VXN and some bearish investor sentiment indicators...for some reason this is not happening. Insider selling window is going to close soon..by end of March. That is another factor that can lead to that spring rally Zeev has been talking about. At least it looks like a possible setup for an April 2001 type of move this year as well. All that seems to be missing is some bearishness. jmho btw--anyone have a chart on the COT that goes back a couple of years.