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as of 11/26/02, S&P500 Commercials are:

(41,226) contracts Net Short overall, up from (33,602) last week, and up from the low of (16,452) contracts net short on 10/1/02

 

as of 11/26/02, S&P500 Small Specs are:

74,013 contracts Net Long overall, up from 65,738 last week, and up from the low of 48,667 contracts net long on 10/1/02

Posted

ok we have to assume that they dont wanna give it up just in one step, like a stoolie said, that would be to easy for bears like us. They have to fool us at least one more time. Although i prefer to say we have seen the top today.

Posted

sweef, I hope you are having good luck with level II.

 

I have a tough time with it. Just to many fake outs. Put the bid on pull the bid, ask etc. It does seem to help with the thick and thin levels for support and resistance.... it is fun to watch, especiallay when mm's are selling into their own upgrades.

 

Sometimes I would do what ever GSCO did. But then they would show up on the other side. Seems like many of the mm's are just rolling in and out for scalps....... Keep it up you will just get better at reading those guys.

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