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In a message dated 10/31/00 9:46:52 PM Eastern Standard Time,
boturger@xxxxxxxxxxx writes:
<< Hi Norman,
Thanks for sharing your proprietory work with the group. Much appreciated.
Did you happen to see the Commitment of Traders post on this list yesterday
(excerpted from Crash Proof Advisors by Norman E.)? Significant jist thereof
is quoted here:
"Currently the Commercial hedgers are short a record 66,352 contracts while
the speculators are long a record 55,273. Both groups have been increasing
their respective positions as the market has declined...The massive
divergence that we currently have is the first major divergence since the
1994 bottom." The conclusion drawn is for extreme long term bearishness.
Care to make a comment, particularly in light of your post noted below? The
C of T info is stated to be for long term projection, while your post seems
to be relatively shorter term in nature. And perhaps that is all there is to
it. But any insites you could offer would be appreciated.
TIA, Bo.
>>
hello
the information given ny exchanges on the size of the long or short for comm
etc.
IS 2 weeks old
you will see in the next report how YESTERDAY they covered 44% of their
shorts
(aprox)
happy trading
Ben
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