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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (39625)	5/19/2002 9:44:25 PM
From: John Madarasz	Read Replies (2) \| Respond to of 209892

Lee...i postulated a week or two ago that we could get some sector rotation into the NDX based on a bullish % low of 17 on that index... Message 17439194 and now the COT seems to confirm that... Institutions bought back all of their remaining shorts in Nasdaq futures this past week and have now shifted to the long side. In a big way, in fact. Institutions are currently holding 5,000 NDX contracts long compared to a net short position of 800 contracts the prior week. This is the first time institutions have been net long the Nasdaq since December 2000, and clearly shows that institutional money was a big buyer of Nasdaq futures during the week of May 8th-14th. This action has triggered a buy signal on our long-term Nasdaq Institutional Money flow model, which historically has a 63% accuracy at correctly forecasting higher/lower prices. Recent accuracy has been even better, with 8 out of 10 winners since July 2000 (see complete track record here). astrikos.com i don't consider that the dollar has collapsed until lower lows get put in below 111 or so, it is weaker for sure...buttt...i don't think it will be permitted to "collapse" completely. At least until things get completely out of hand, and we get the inevitable next shock event...or derivitive failure Think of the obvious. How does a government ease its way out of a debt crisis? By eroding the real value of debt with a bit of unanticipated inflation; by cheapening its currency; by bolstering nominal corporate profits; by levering up the public sector ( federal deficits ) and, in so doing, delevering the relative debt of the private sector. pimco.com