COT Report

Source: U.S. Commodity Futures Trading Commission (WWW.cftc.gov)

Commitments of Traders:

The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for market reports in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.

Index	Trader Group	Friday 10/19/07	Friday 10/26/07	Difference
Dow Jones Index Composite	Commercials	-39	-56	-17
NASDAQ 100	Commercials	2509	3321	812
S&P 500	Commercials	53142	51518	-1624
Russell 2000	Commercials	3717	3283	-434

After the drastic sell-off, NASD is only index the smart money has increased position last week. Look at the VIX (it's not shown here) the smart money bought, betting the volatility will increase.

Enjoy,

Mkt Swimmer