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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>patrick fernicola <<A
href="mailto:patefern@xxxxxxxxxxxxxxxx";>patefern@xxxxxxxxxxxxxxxx</A>><BR><B>To:
</B>realtraders <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, January 23, 1999 12:38 PM<BR><B>Subject: </B>re:COT
data<BR><BR></DIV></FONT>
<DIV>
<DIV><FONT face="" size=2><FONT face=Verdana><STRONG>John,</FONT></FONT><FONT
face=Verdana></FONT></STRONG></DIV>
<DIV><FONT face="" size=2><FONT face=Verdana><STRONG>The commercials are the
hardest to interrupt because of all the variables and when I look at them I'm
looking for large % changes, and changes of direction, gross short to long and
long to short. For me, the best information to be gleamed from the COT was
written in an interview with a former head of a bank options dept./floor
trader/Wall St. trader, who said the floor traders look to increase the volume
by squeezing the one side of the market that is overly long or short, thus
hitting stops and creating volume. He said he follows the path that hurts
the highest number of hedgers. For instance, the last COT report put
large cotton traders about 6 to 1 short, could there be a bounce
there?</FONT></FONT><FONT face=Verdana></FONT></STRONG></DIV>
<DIV><FONT face=Verdana
size=2><STRONG>Pat</STRONG></FONT></DIV></DIV></BODY></HTML>
</x-html>From ???@??? Sat Jan 23 17:20:11 1999
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Date: Sat, 23 Jan 1999 12:41:50 -0800
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From: "M. Edward Borasky" <znmeb@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: market surrogate?
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The hard way is to do a correlation analysis between the indivdual
NASDAQ stocks and the index. The easy ways are:
1. Daytrade futures and options on the NASDAQ index
2. Intel, Microsoft and Sun (I thnk) dominate the NASDAQ index; daytrade
them.
--
M. Edward Borasky znmeb@xxxxxxxxxxxx http://www.teleport.com/~znmeb
If God had meant carrots to be eaten cooked, He would have given rabbits
fire.
-----Original Message-----
From: Gila Brock <brock@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, January 23, 1999 12:06
Subject: GEN: market surrogate?
>Since so many of you have posted strong evidence of a sharp decline in
>the next week or two, whether based on Blue/Red Moons, Elliot wave
>counts, divergences between indices and standard technical indicators,
>etc., I'd like to ask the following:
>
>I don't trade options or futures. I'm a stock daytrader. If one wanted
to
>short stocks when the market started selling off, which stocks do you
>think are the best market surrogates? It used to be CCI and MER on the
>NYSE, but I'd prefer to trade the NASDAQ. The internet stocks or the
tech
>stocks might sell off sharply, but in general, I'd like to find a
couple
>of market surrogates.
>
>Any suggestions?
>
>Gila
>
>
>
>-----------------------------------------------------------------------
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>"Who is rich? He who is happy with what he has." -- Ethics of the
Fathers
>-----------------------------------------------------------------------
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>
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