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How did you make up that number ?
It seems pretty ridiculous to leap to such claims on one up day in the
market. I think the commercials have
much more staying power than that, and likely expanded their short positions
into the rally.
Let the investment-sheep look deep into the Cisco numbers on Monday, and
this bubble can really break to the downside.
----- Original Message -----
From: <proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Wednesday, November 01, 2000 4:24 AM
Subject: Re: [RT] Current Market Sentiment
> In a message dated 10/31/00 9:46:52 PM Eastern Standard Time,
> boturger@xxxxxxxxxxx writes:
>
> << Hi Norman,
> Thanks for sharing your proprietory work with the group. Much
appreciated.
> Did you happen to see the Commitment of Traders post on this list
yesterday
> (excerpted from Crash Proof Advisors by Norman E.)? Significant jist
thereof
> is quoted here:
> "Currently the Commercial hedgers are short a record 66,352 contracts
while
> the speculators are long a record 55,273. Both groups have been
increasing
> their respective positions as the market has declined...The massive
> divergence that we currently have is the first major divergence since the
> 1994 bottom." The conclusion drawn is for extreme long term bearishness.
> Care to make a comment, particularly in light of your post noted below?
The
> C of T info is stated to be for long term projection, while your post
seems
> to be relatively shorter term in nature. And perhaps that is all there is
to
> it. But any insites you could offer would be appreciated.
> TIA, Bo.
> >>
> hello
> the information given ny exchanges on the size of the long or short for
comm
> etc.
> IS 2 weeks old
> you will see in the next report how YESTERDAY they covered 44% of their
> shorts
> (aprox)
> happy trading
> Ben
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
>
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