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

To: westpacific who wrote (68438)	5/16/2002 10:35:26 PM
From: Robert New	Respond to of 99280

>>>Do not rely on any one indicator<<< Certainly would never do such a thing <g> I agree with what you wrote pertaining to the COT however the trend in their net short position has gone from -9% to -1% over the past month. They are still net bearish on the SP 500. I actually look for the techs to lead this advance partially due to short covering and the small caps to lag if we get thru the 1760/70 area. The BPNDX got down to its bounce area and many techs have hit major long term support levels. Im looking for a 1/2 month rally here not a breakaway bull market (see prior post). Should we print 1685 I'm out of my long positions. Gives me about 40 pts of downside risk from my entries today. Time will tell as always...

To: westpacific who wrote (68438)	5/16/2002 10:41:32 PM
From: Robert New	Respond to of 99280

West...i get it through a proprietary/subscriber site but will try to keep the thread abreast of any significant changes/trends in the data as they arise. The data is updated weekly.