Zeev's Turnips Patch-No Politics (ZEEV)

[mish]

The "set-up" on the S&P 500 futures using Larry Williams methods (which is what I use to trade futures) is saying (a) ... this rally is most probably about over, and (b) the S&P is getting set-up for a very big rally later - my guess is starting in October of this year.

The Commercials are quickly building a nice net long position in the S&Ps, and probably will continue to do so for some time, as they are almost always early (even very early).

Exactly what is "the setup"?

Althought I do not doubt the commercials are early, going long FUTURES in April for a rally in October is just plain out and out silly and I am not sure I believe it. In fact I do not. If we stay flat between now and OCT that is one thing but buying futures is not that tough that they could not unload now and buy them back in say August-Sept.

At any rate I would be interested in "the setup".
Seems to me you are merely describing just another Oct rally.

M