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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (104)	10/29/2000 4:53:03 AM
From: Patrick Slevin	Respond to of 12411

Yes, I guess so. On the cover page they say this, For the past few weeks I have said to monitor the Canadian Dollar for a reversal of trend. The net commercial position remains at record net longs and the large specs at record net shorts. The small specs must have heard our comments because they have greatly reduced their short position. The Canadian Dollar still remains a very setup market, and I continue to suggest we look for a change in trend to the upside before taking a position. Consider long positions in the Canadian Dollar WHEN the Canadian Dollar trades above the previous week's high (ie the high of the past 5 days), with a protective stop then under the previous week's low. (I usually recommend waiting for a breakout above the TWO week high, but in the "special situation" let's try the ONE week high commitmentsoftraders.com I'm flat at the moment, I often keep something on overnight and scalp it during the day with extra contracts. However it has been opening strong early and closing weakly the past few days I've been taking it off and going back in the next day. I do not think it's a Long as yet, however. Thanks for that link, I wasn't paying attention to the COT.