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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (19606)	9/30/2002 10:29:04 PM
From: Little Joe	Read Replies (1) \| Respond to of 36161

I am out of town and don't have much time, but I will take another look when I get back. Little joe

To: jimsioi who wrote (19606)	10/1/2002 2:58:28 PM
From: isopatch	Respond to of 36161

Jims. From the response to my post Friday about gold COTs and the answers posted to your comments since, would like to make a few observations. It's not enough for commercials to simply be <net short>, or for small specs to be <net long>. Folks, many thread regulars have witnessed (and historical charts reaffirm) that gold & gold stock rallies often continue for many weeks in both time and price while commercials ARE net short 5, 10, 20,000 contracts or even mcuh more. There's not magic or voodoo here.<g> If threadsters will simply look at the COT information like other Intermediate Term sentiment indicators, it's easier to see what's occurring. 1. Minor pluralities are noise. 2. It's the extreme readings that are important. IMHO, any objective review of the historical charts point to the conclusion that we've entered the range of extreme readings: sharelynx.net Isopatch