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To: skinowski who wrote (129327)	2/9/2006 3:21:57 PM
From: bcrafty	Read Replies (2) \| Respond to of 209892

ski, sometimes "large" traders are a better contrarian indicators than the small guys Agreed - that's why I don't put any emphasis on the COTs, as I don't know if they're using certain positions as hedges or not. Talk to the people who like to follow the COTS and I'm sure you'll get other opinions, though. I've never understood why COT followers usually ignore the large specs (hedge funds). But if you're implying that I've got this all wrong and institutions are not, comparatively speaking, and for the purposes of this discussion, generally regarded as the so-called smarter money and we little guys are the dumber money, then (seriously) what group IS generally regarded to be the so called smart money in such discussions? An answer such as "it's all a myth; there is not an identifiable group generally regarded as the smart money, there should not be such distinctions, and those who imply that there is should find something else to do" is not an available answer. <g>