I don't get it. Where and how do you interpret the COT as being bullish. The commercials are extremely net SHORT. Its so obvious.

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The COT is more for long term traders. For those of you who think anything more than 15 minutes is long term, well the COT wouldn't be very important. The COT would be absolutely worthless to scalpers and maybe even day traders. I'm not good at ...

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No problem Paul. The market ate up most of those 30 pips already. The bulls and the bears are in a tug of war.

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I don't rule anything out. It is rebounding right now. Thats obvious. It could even break the top of the BIG monthly trading range. I'm long the market myself at present @ H1 MAC red line 10360 w/tight stop. BUT, I'm very aware of the COT warning ...

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Its not bullish until PA takes out fridays high. Ya might get a few more pips going long on the short term charts...... Go get em !!!

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30 pips ??? Do you consider that a MAJOR move worthy of a news event ???

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Yes, you are very right. The COT comes out once a week. IT IS NOT a timing mechanism. It only shows the positioning of the various market participants. The fact that it comes out once a week is totally irrelevant. And thats a good thing, it gives ...

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Excellent words of advise. The market is always right. And we wont stay sideways forever.

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Monthly

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The BIG BOY commercials aint worried about little petty stuff like running your stops. When they step in the other little big boys run like a scalded dog. We're just about to break out of that GIANT descending triangle you see on the monthly charts. ...

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I saw them and I don't rule out rally at this point. But after that nasty reversal friday, further continuation tonight, and the extremely bearish commercials, I have serious doubts. The BIG BOY commercials are ALWAYS right. You should make a custom ...

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The big boys you are talking about must be the large specs. The BIG BOYS I'm talking about are the commercials. They are ALWAYS 100% correct at market tops and bottoms. Your big boys are 100% WRONG at every market top and bottom. Go back and look at ...

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DB - dont forget the cycle for the first three weeks of november. Its a repeat of the august kick down phase. Only this time I believe its going to be much more severe. Nothing says we cant start heading south beforehand but come november I expect ...

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My thoughts exactly

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The ADX is not a directional indicator. It only measures strength of trend both up or down. When this market accelerates south your weekly ADX will certainly rise.

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Hey DB, I just re-read your post. You almost had me there with your joke. Now let me correct this so it doesn't lead other people astray. The truth is commercials are always BEARISH at the top and BULLISH at the bottom. They are bearish right now ...

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DB - BIG GUN commercials very bearish combined with TRIPLE FAILURES @ top of the monthly MAC (green line) Three consecutive months of failure. This market is gonna TANK, buddy. Its gonna TANK !!!

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OK DB. I'm gonna save this message. Planning on having some fun with it down the road. Probably sooner rather than later.

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Its been following the 15m MAC real good.

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That nasty reversal friday is still having an influence.

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