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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?


To: hubris33 who wrote (9752)3/25/2011 9:54:54 PM
From: hubris331 Recommendation  Respond to of 12175
 
Weekly COT looks a bit better.....

Best correlation these days is to the Small Spec Longs who added ~4K of OI. The perennial favorite OI correlation(1) Commercial Shorts only dropped -1K of OI. This juxtapositioned with ~-9K and ~-10K drops in OI for Large Spec Longs and Shorts.

Want to see an uptick in Comm Shorts obviously before we call a POG major run.

All FWIW,

H3

1. That one-day drop of nearly -81K of OI from the one hedge fund blowing up on COMEX margin wrecked the OI correlations. If we could apportion his trades across the Long-short classes.... Now that some time has passed, ST correlations look better and (heading) back on track.