Zeev's Turnips Patch-No Politics (ZEEV)

[hightecheast]

<<Assuming hypothetically that commercials really are net long index futures as you assert, would you also assume they are also net short stocks and/or long bonds to assure a delta neutral in their holdings?>> NOT index futures - specifically SP futures - there are many other index futures.

I have no idea. Right now, I trade the S&P futures, dollar futures and gold futures. Also, I use the SP set-ups to help me decide whether to be long stocks or not.

I am being very cautious on all fronts right now.

AN IMPORTANT POINT ... the commercials on the SP are not necessarily, and probably not at all the same for various futures contracts ... for example, just in the financial areas, the positions of the commercials are vastly different for the Dow (DJ), Nadsaq 100 (ND), and bonds etc. They are different people from different industries, businesses and organizations, and as such, have very different agendas.

Another example ... the commercials in gold are largely gold mining companies ... how many of the commercials in gold are the same players in wheat, corn, coffee, cocoa or the S&P 500? ... they are all different, with obviously some overlap as in considering the DOW, Nasdaq and S&P at the same tme.

Ken Wilson