The S & P 500 COT Data Reeks Of Countertrend Monthly Upcycle Since 3-6-09

The S & P 500 (SPX, http://stockcharts.com/charts/gallery.html?%24spx) COT (Commitments Of Traders) data reeks of countertrend Monthly Upcycle since 3-6-09 (countertrend Wave B up of the intermediate term downcycle since 1-6-09), see the major averages COT data that starts about two thirds of the way down (S & P 500 is the first set of data) at http://www.cftc.gov/dea/futures/deacmelf.htm.

The savvy non contrarian S & P 500 (SPX, http://stockcharts.com/charts/gallery.html?%24spx) and other major averages Commercial Traders experienced a gigantic short squeeze, since they covered a massive amount of short futures, but, they also liquidated a massive amount of their long futures position, which strongly jives with the monthly upcycle since 3-6-09 being countertrend action. Why would they liquidate a massive amount of their long futures position, if they believed that a new bull market had begun?

Given that it's very unlikely that the S & P 500 (SPX, http://stockcharts.com/charts/gallery.html?%24spx) Cyclical Bear Market since 10-11-07 bottomed on 3-6-09, then, the upcycle since 3-6-09 basically HAS to be countertrend action.

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