re: Its funny how.......but the market moves on Two to three...

re: Its funny how.......but the market moves on Two to three months ago I was posting about the commitment of traders and their record net short position on the S&P. I commented at the time that these people always get your money. Always.Sure enough they did and still are.
So just to update you these same people are at a five year record net long position on the NASDAQ.
Like it or not NASDAQ to increase 15-20% by October from present levels.Tech led this market down & looks like leading us out.
The commitment of traders data is statistical fact & these people have the money so irrispective of what happens their money talks & everyone else walks.
Have a look at them in September last year when everyone was selling the commercials were buying big time & got the money earlier this year.
Then they went short to record levels & now have all the money again at present.
Any doubts http://www.marketpit.com/S&P500.htm
The red is commercials the blue the S&P the green the mums & dads.Sorry no access to graphs of NASDAQ just the raw stats.

Fitzman