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Non-Tech : The Woodshed

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To: baystock who wrote (19993)	1/16/2005 8:03:41 AM
From: Square_Dealings	Read Replies (2) of 60908

The COTs have not been very useful in predicting many market moves over the past year imo. Grains had a five year record commercial long position for a long time and they have continued to fall like a rock. Commercials have built short positions in the stock market to near all time highs as the stock market has gone up. If anything I think the COTs are good contrarian indicators now, which I dont understand. But it is possible that as commercials reduce shorts in gold and the stock market that they both fall. HUI/Gold ratio is a leading indicator and its way too close for comfort now imo. Too close to breaking the long term trend. It looks heavy to me stockcharts.com[h,a]wacaynay[df][pc40!b8!f]&pref=G M

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