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To: John Madarasz who wrote (102672)5/16/2001 4:48:58 PM
From: pater tenebrarum  Respond to of 436258
 
if you look at LT COT charts of the pm's in general, then you will note that the bear phases end with the specs mega short, but the bull phases require them changing their stance. the tops then find them very long. recently though, open interest reached a historically very low level...so there's room for speculative longs to increase and drive the price up for a while.