The S & P 500 (SPX) COT (Commitments of Traders) Data Jives With Expected Weakness

The S & P 500 (SPX) COT (Commitments of Traders) data jives with expected weakness early this week, see http://www.cftc.gov/dea/futures/deacmelf.htm, scroll down about halfway to see the S & P 500 (SPX) COT (Commitments of Traders - Futures Only, October 21, 2008) data, and, the E-Mini S&P 500 and the E-Mini S&P 400 COT data directly below the S & P 500 (SPX) COT data.

The savvy non contrarian S & P 500 (SPX) Commercial Traders traded significantly net short. As I said on Friday (http://tradethecycles.blogspot.com/2008/10/spx-s-p-500-and-xoi-amex-oil-gas-are.html), SPX and RUT/XOI etc probably didn't put in a Cyclical Bear Market cycle low on 10-10-08. Buckle up!

.......http://www.JoeFRocks.com/