Just to add a little balance
to the post this replies to, The COT data, although not a timing tool, certainly looks to be improving somewhat. On the optimistic front, might just place us somewhere on a par with early last July. Easily seen on the weekly and daily charts posted here. Certainly into the close looking at certain individual metal stocks there seemed to be a whole bunch of decent sized block trades going off, not what would one usually expect to see on a Friday. The other ducks have yet to get in line but this could happen at any moment. No need to force the issue, when it happens is OK by me.
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