Seems like the big boys are just using the dip to load the boat.
Is The COT really as bullish as its ever been?
Started by
saltlake
, Aug 07 2007 04:34 PM
5 replies to this topic
#2
arbman
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Posted 07 August 2007 - 04:47 PM
Pretty much nothing has changed as of last Fri, Aug 3rd...
... except the small specs went long against the large specs too!
#3
danzman
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Posted 07 August 2007 - 05:14 PM
Pretty much nothing has changed as of last Fri, Aug 3rd...
... except the small specs went long against the large specs too!
Large specs don't correlate to anything..at least using the SP. My COT work is bullish since
June, 2006.
D
I don't make predictions, I just react.
#4
arbman
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#5
CAzzaro
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Posted 07 August 2007 - 08:25 PM
Pretty much nothing has changed as of last Fri, Aug 3rd...
... except the small specs went long against the large specs too!
Large specs don't correlate to anything..at least using the SP. My COT work is bullish since
June, 2006.
D
Looks to me like the large specs were bullish for the move up from last year, then turned bearish near the top. On the other hand, commercials were bearish all the way up, went bullish near the top, and are still bullish. Based on the SP.
#6
arbman
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Posted 07 August 2007 - 10:40 PM
Nobody but the small specs are going these contracts long without some other instrument. The large specs are probably very long in the stocks and now fully hedged. The commercial hedgers are probably hedging some sort of a massive short position in the stocks. It would be a suicide for the large specs to go so short in the futures and the stocks, right? Certainly, the massive short interest in the stocks is an institutional activity. However, the little guys are now getting more and more long in the futures, I doubt they are really hedging any short positions in the stocks...
