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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: longdong_63 who wrote (59435)5/11/2002 3:25:19 PM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 100058
 
ld - raw numbers on the CoT: yest commercials stack up.
Relatve numbers: o/i rises some 10% every week.
So, evem if they are raw shorter, they are less %based.
The theory about commercials to be always right can only be witnessed afterwards (difference between a top and an uptrend).

The other numbers to watch are those of the miners hedge books which are in a 330-360 band.
An -apparently sustained- move through this band could sparkle a covering rally with a demand superior to the world's yearly production. We will be noticed by the rise of lease rates.
And there still is the double-edged JPM alledged problem.

As long as prices rise constantly, I don't worry. 10% in two weeks as in Feb, followed by consolidations is all I ask.