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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?


To: Ramus who wrote (5017)8/5/2002 11:01:48 PM
From: bing.c.wong  Read Replies (1) | Respond to of 11288
 
RE: From COTS 7/30/02

Interesting... they(Commercials) reduced their short positions quite a bit since July 24.. maybe that explains the lack of breadth I noticed on the 3 or 4 days following that huge 70pt reversal on the SP almost 2wks ago..all due to short covering on the futures? Maybe this also explains the inability for the markets to follow thru....

the charts suggest another 100pt. move down to 7900 on the DOW tomorrow, and down to 815 on the SP