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

To: t2 who wrote (71518)	5/25/2002 6:09:49 PM
From: Murray Grummitt	Read Replies (1) \| Respond to of 99280

I noticed the volume on the NDX was down significantly on Friday @ 653,121,400. Daily volume has not been this low since January 2nd. I'm not sure if this is just a reflection of the extended holiday some traders took. MG

To: t2 who wrote (71518)	5/25/2002 9:02:20 PM
From: Murray Grummitt	Respond to of 99280

If there is too much bearishness on the near term why were the equity P/C ratios so low last week? Message 17512547 MG

To: t2 who wrote (71518)	5/26/2002 4:50:26 PM
From: 4rthofjuly007	Read Replies (1) \| Respond to of 99280

NV, I agree. We seem to have a consensus that we will sell off to or slightly breach the Sept. low and bottom in late June. I believe that the commercial hedgers are now net long the NDX but still quite net short the S&P. However, I believe that they are well off their 90K+ net short position down to around 75K net short. I believe that if they get down to less than 65K net short, it may bode well for a rally. I would like to see them get a bit less net short than that but they do not need to be net long. I don't think they got much less than 40K net short at the Sept. lows.