Discussion in 'Index Futures' started by dividend, Feb 27, 2007.
Today we had some short covering, no new buying. TPO shows selling...
Any of em still in business? They've been wrong so long in so many reportables it's not funny anymore.
<i>"Any of em still in business? They've been wrong so long in so many reportables it's not funny anymore."</i>
Commercials are seldom wrong... they are "the market". They scale into and out of huge positions, with much longer timeframes and pain threshholds than anyone else.
In the stock market ,200day moving average is still up;
long term trend is up.
However as far as derivatives, good point ;
some small specs were long at the trending toppng area, and cut a loss.
Some small specs pay atention to 50 day moving average or price; meaning most of thier trades yesterday were short.
50dma is still down;
20 day charts are down
I guess we disagree. I'll take the large speculators side - -except this week.
$8 billion still flowed into mutual fund equities in March '07.
Two months in recent memory that had enormous volatility are September '01 and August '98. There were -$30billion and -$12 billion outflows, respectively.
Contrast that with one of the biggest 1 day spike in volatility that occured in late Feb of '07 -- which had +$8 billion inflow.
Something is odd in that picture. Or, maybe there is some other explaination.
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