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hightecheast

12/11/04 12:50 AM

#333097 RE: Sherlock356 #333090

<<Got a 10-yr chart of the dollar?>>

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hightecheast

12/11/04 12:58 AM

#333099 RE: Sherlock356 #333090

... 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