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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (5089)	11/16/2001 12:08:34 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Terry, the Eurodollar contract has hit all time highs in open interest. over 5 million contracts are open in Dec alone, with a notional value of 5 trillion dollars. The Commitment of Traders shows that the Commercials are very short and the larger traders and small specs are very long, it's only a matter of time until we see a move down in price and up in yield. the Eurodollar is a TBill equivalent yield, but it's for deposits outside of the US and not backed by the US banking system or Govt. Hence the TED spread, the TBill/Eurodollar spread contracts and expands due to concerns about the health of the global economy and possible overseas bank or financial institutional defaults. The Eurodollar rate and contract has nothing to do with the Eurocurrency for those who are not sure. It's a 3 month interest rate contract!!! It took me a while to get that -g- John

To: Terry Whitman who wrote (5089)	11/17/2001 5:05:37 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 33421

Terry, Only trouble with it is you don't know whether it was net selling or buying that occurred in the price bar area. I had a similar thought, so I went looking. You can at least see it broken down by the ups and downs for each bar. Note: On SharpCharts, if the "Colored Bars" checkbox is checked, the Price By Volume bars will be split into two colors. The first color shows the total volume on days when the price moved higher. The second color shows the total volume for the days when prices moved lower. stockcharts.com Dan