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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (11038)	4/15/1999 7:42:00 AM
From: pater tenebrarum	Respond to of 99985

SPX futures positions update number of contracts long short large speculators 21,313 42,411 commercial hedgers 271,047 258,377 small traders 84,912 76,484 figures according to cftc report of april 6. comment: the large speculators continue to hold a sizeable net short position. this is generally considered to be bullish for the market. OT: the latest cftc report also shows funds to be net short 88,147 gold contracts. to my knowledge that's an all-time record and in conjunction with 7 1/2 year lows in bullish sentiment (15%) on gold is an indicator that a powerful short term rally can be expected to take shape soon. hb

To: pater tenebrarum who wrote (11038)	4/15/1999 7:48:00 AM
From: pater tenebrarum	Respond to of 99985

SPX futures positions update number of contracts long short large speculators 21,313 42,411 commercial hedgers 271,047 258,377 small traders 84,912 76,484 figures according to cftc report of april 6. comment: the large speculators continue to hold a sizeable net short position. this is generally considered to be bullish for the market. OT: the latest cftc report also shows funds to be net short 88,147 gold contracts. to my knowledge that's an all-time record and in conjunction with 7 1/2 year lows in bullish sentiment (15%) on gold is an indicator that a powerful short term rally can be expected to take shape soon. hb