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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (10237)	8/6/2004 11:59:52 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Dec Eurodollar over 98.00, might be getting a light on rate expectations again. I might consider a short there, if I can see the commercials coming out of their longs. No huge rush though. Commercials nailed this one, you have to take note and respect them, were net long 307,039 EDs. That was one reason I added calls yesterday. Everyone was leaning one way and also calling for huge job numbers. I did not believe it. Unfortunately the COTs will reflect Tuesdays data They will be totally useless tonight after todays action. Mish