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Futures are such a small piece of the total forex pie...I wonder how
useful COT is anyway?
Chris
--- In realtraders@xxxxxxxxxxxxxxx, Eliot Kaplan <eliot@xxxx> wrote:
> RTers,
>
> Was just wondering if any of you currency experts might like to
comment
> on the following.
>
> In the enclosed DX (US Dollar), EC (Euro), & CD (Canadian Dollar)
COT
> charts which I got from this weeks free Software North COT report,
> http://www.softwarenorth.com/trading/
>
> the implication seems to be that the commercials are quite long
(and
> getting longer) the US Dollar, short (and getting shorter) the
Canadian
> Dollar and the Euro. Yet the US Dollar's march south seems only
> occasionally interrupted, and just yesterday, the Canadian Dollar
broke
> out of a measured move above its recent range. The Euro too does
not
> seem to be bearing out this prediction. Am I reading this
incorrectly?
>
> Of course, I know the commercials are often way ahead of the moves
in
> the market that bear out their predictions that the COT provides,
yet
> these charts seem so out of sync to me, that I expect some other
> explanation is more relevant.
>
> Earl, others, any thoughts?
>
> Thanks.
>
> Eliot
>
>
>
>
> Eliot Kaplan
> ISU, Inc.
> eliot@xxxx
> http://www.isu.com
> Voice: 805.565.7710
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