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Post# of 704044
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hightecheast

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Re: Sherlock356 post# 333090

Saturday, 12/11/2004 12:58:32 AM

Saturday, December 11, 2004 12:58:32 AM

Post# of 704044
... the "commercial" traders for the big S&P ...

# of contracts net long/short ... with % change from previous week.

11/05/04 ... +4,516
11/12/04 ... -1,372 ... -130%
11/19/04 ... -5,899 ... -330%
11/26/04 ... -28,976 ... -391%
12/03/04 ... -29,419 ... -2%
12/10/04 ... -47,895 ... -65%

The "commercials" are now net-short about $912 million. Betting against them is not a good idea.

Not too bullish for equities into 2005.

Ken Wilson



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