Data I download from
http://www.cftc.gov/...historical.html
comm long 413,082
comm short 344,861
various folks showing net cot charts have different data.
where does that 760000 net long (commercial) spike come from?
I've been grumbling around a couple threads thinking the net view
is giving people a false impression but it seems either I have bad data
or everybody else does. hmmm
large contract COT data suspect
Started by
jack
, Oct 01 2007 03:39 AM
5 replies to this topic
#1
Posted 01 October 2007 - 03:39 AM
#2
Posted 01 October 2007 - 04:07 AM
OK my first mistake is the scale in clive maund cot chart is for open interest
so the spike in net comm is not 760000 but just big (no scale given)
maybe it is just dramatic looking but when you look at numbers not
very significant.
#3
Posted 01 October 2007 - 07:31 AM
scale is on Lt not Rt
it is 68,000 the delta between Longs and Shorts
it therefore is a significant chg
the Rt scale is the Open interest as reflected in the thin line graph which tends to oscillate, now it is very very low as Open Interest is only in 500,000s
#4
Posted 01 October 2007 - 08:15 AM
The commercial data accross several futures products has been well out of historical norms the past 6 months or so. I think part of this is due to the global financial mess going on right now. The market environment seems to be quite different these days when compared to the 1990-2004 time frame.
#5
Posted 01 October 2007 - 11:29 AM
Another take on Cot
#6
Posted 01 October 2007 - 02:49 PM
Thanks chichi2 and cirrus for your corrections and comments.
I am easily hynotized by cot data. Range of interpretation is large.