SPDR S&P 500 (SPY)

[Footquarters]

Hey Fish


I have to have something to fill my extra time. On Oct 20th my daughter gets married, so trying to stay out of the way of the women folk. I brought in my prima donna partner to help my wife, big mistake, she encouraged my wife to spend more......

Anyway, looks like all the dumb money is out of the market. I like the way they classify them. LOL Basically the way they are trading is by using the 100 and 320 MA. test of the 320 which has been the bench market for draw downs, commercials bought when the market went above the 100 MA with the Fed decision, good thing is that the fed doesn't understand technicals.... LOL the brotherhood of the bankers GS.


So there you have it for free, that site charges you money for the real scoop, but since Gleno took some time off, I get to give everyone my bias without him correcting me, LOL. Now to see the if the dumb money finally gets "in" which would be a sign of a nt top...LOL Probably happen the 2nd throuh the end of the week, which is historically when they take 'em down.

Dumb Money Postion


http://www.sentimentrader.com/subscriber/charts/WEEKLY/COT_52WEEK_SS_SP.htm