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To: mishedlo who wrote (7741)2/10/2003 7:46:36 PM
From: Shack  Read Replies (2) | Respond to of 10157
 
I would like to add that I put very little stock in the COT report for the minis. These are very volatile and major short/long positions are often reversed from week to week. I don't think the mini positions reflect anything more than very short-term sentiment which is irrelevant given we get this report 3 days after the fact.

I also have found very little predictive value in anything but the positions in the SPX contract. The important data IMO is that the commercials increased their shorts in the big SPX contract for the 3rd straight week.