|
PureBytes Links
Trading Reference Links
|
SnP Cot and Nasdaq Comp Cot
On Sun, 14 Oct 2001 16:37:13 -0700 "BobR" <bobrabcd@xxxxxxxxxxxxx>
writes:
> Last will and testiment from me on this thread. One chart and one
> quote.
> Someone sent this COT report to me. Attached is a chart of the NYA
> with its
> McClellan issue and volume oscillators along with a 9 day Polarized
> Fractal
> Efficiency Ratio indicator. No bullishness or bearishness implied,
> but you
> can infer whatever your mindset tells you.
>
> "
> The latest Commitments of Traders report shows Commercial Hedgers
> continued
> to cover their open shorts this past week, buying back 4,612 S&P
> contracts.
> This brings their net short position to -38,755 contracts, about the
> same
> level they held two weeks prior to the May 22 top in the S&P
> futures. If the
> pattern repeats, we will see Commercials start to sell into the
> final run-up
> in prices, positioning for the next down leg. Over in the Nasdaq
> pit,
> Commercials continued to short aggressively as the NDZ rallied,
> selling
> 2,362 contracts and bringing their net short position to a near
> record -13,358 contracts. This action suggests that the smart money
> is
> betting on the Nasdaq bear market continuing for some time.
> Commercials
> continued to buy the Dow, adding 2,048 contracts to bring their net
> long
> position up to 14,679. But as we've mentioned before, Commercial
> activity in
> the Dow has had little effect on price movement so far, so we don't
> place a
> great deal of significance on the fact that they continue to
> maintain a
> bullish stance. "
>
> ----- Original Message -----
> From: "profitok" <profitok@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, October 14, 2001 4:16 PM
> Subject: Re: [RT] distribution?/nasdaq/sp500
>
>
> > Hello You are all correct,,(Bob r Don T and BobskC,,)
> > We most likely will make the highest hi on Monday,,(highest
> means
> taking
> > out the pervious 4 day hi in the SP)
> > this is mostly because the 2 generals in the NASDAQ intc and
> MSFT
> will
> > have positive and negative effects,,
> > The NASDAQ is also having a tough time advancing,, and most
> likely will
> > stall for a day or 2(and the SP. AFTER making this top)
> > However it will continue higher,, And so will sp500,,
> > the NASDAQ should get to 1800 and SP. top 1150
> > The only fly in the soup could be expiration,, which Most
> likely Will
> > effect timing
> > This week is NOT a good week to trade,, Just catch up on your
> list of
> > things to do (and make that spouse happy)
> > the REAL trend should be more evident AFTER expiration
> > BE warned and be careful
> > Ben
> > p.s the score that BobR posted is not magic,, it is just a
> sophisticated
> > way to measure the market,, True buying and selling pressure
> > the data required is trin,, new hi new low ,, up/down volume,,
> and
> > up/down issues,,
> >
> > ----- Original Message -----
> > From: "BobsKC" <bobskc@xxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Saturday, October 13, 2001 4:18 PM
> > Subject: Re: [RT] Gen - distribution?
> >
> >
> > > I did a little shorting on Thursday at the close and covered
> Friday
> > mid-day
> > > .. I was ready to take another short position or two at the
> close Friday
> > > but it's all just too neat. Everyone agrees. Everyone. Be
> they
> > > chartists, star watchers, fundamentalists or wave riders, they
> all agree
> > we
> > > are headed to new lows or at least a retest and we are going to
> do this
> > > right away. Such consolidation of sentiment scares the hell out
> of me
> so
> > I
> > > went into the weekend mostly in cash. (One oil stock, one
> biomed, one
> > gold
> > > issue and 85% cash). Even after all my years of trading, I
> am
> clueless
> > > right now and when I'm confused, I'm in cash. Why isn't DIS $8
> a
> > > share? Why isn't CCL $9 a share and how could it go up into
> that mess
> on
> > > Friday? This old dude is going to have to watch for a while
> count his
> > > chips until the hand becomes clearer.
> > >
> > > All best next week folks,
> > >
> > > Bob
> > >
> > >
> > > At 04:00 PM 10/13/01 -0400, you wrote:
> > > >The only thing is that divergence often leads to another higher
> high...
> > Also
> > > >time is involved.This thing could go even more.. Not
> disagreeing with
> you
> > > >persay, it is difficult to model accumulation and distribution,
> except
> on
> > a
> > > >cumulative basis on each stock of the index.
> > > >For the second week in a row, the futures were bought in the
> dead
> period
> > of
> > > >the day at near average price for the week, That looks to me
> like
> people
> > are
> > > >working it on the bullish side.
> > > >
> > > >It might be that no one is selling for the moment.
> > > >
> > > >Don Thompson
> > > >
> > > >----- Original Message -----
> > > >From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > > >To: <realtraders@xxxxxxxxxxxxxxx>
> > > >Sent: Saturday, October 13, 2001 3:22 PM
> > > >Subject: [RT] Gen - distribution?
> > > >
> > > >
> > > > > One argument for the notion that the last 7 trading days
> were more
> > > > > distributive than accumulative is found in Ben's Profit
> Taking
> > > > > Index(proprietary). The PTI configuration looks the same
> for the
> OEX
> > and
> > > > > NASDAQ even though all the data is totally different. A
> sell
> > divergence
> > > > > between the indexes and the PTI's is seen on both charts.
> > > > >
> > > > > bobr
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > >
> > > > >
> > > > >
> > > > > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> > > > >
> > > > >
> > > >
> > > >
> > > >To unsubscribe from this group, send an email to:
> > > >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >
> > > >
> > > >
> > > >Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> >
> >
>
> ------------------------ Yahoo! Groups Sponsor
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Protect your servers with 128-bit SSL encryption! Grab your copy of VeriSign's FREE guide: "Securing Your Website for business" Get it Now!
http://us.click.yahoo.com/M.WTOC/m1FDAA/cosFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Attachment:
Description: ""
Attachment:
Description: ""
|