AI
Friday, May 06, 2011 5:15:42 PM
COT reports combined with charting...
This weeks COT report is a little distorted, but it was enough to make me increase Bearish positions 10 - 1 (& holding over weekend)...
This weeks secret is the Other Reportables positioning (= traders big enough to have to report their positions to the CFTC = smart money)
They heavily increased their short positions and Long VIX holdings this week bringing the Net positions 7-1 biased to the short side (btw,thats really unusual)...
The chart backs up this kind of positioning...Today's huge bearish reversal Bear Hammer, the rise up to but not exceeding the 45 descending Gann angle,extended MACD turning negative,etc,etc,etc...My minimum target is of course around the 50dma (which is also at a cluster of possible support areas)...If we break past that then it could get really ugly...
No trade is guaranteed...but some trades have a very high probability of success...Trade @ your own risk...And recognize when a trader is giving you the Real...
This weeks COT report is a little distorted, but it was enough to make me increase Bearish positions 10 - 1 (& holding over weekend)...
This weeks secret is the Other Reportables positioning (= traders big enough to have to report their positions to the CFTC = smart money)
They heavily increased their short positions and Long VIX holdings this week bringing the Net positions 7-1 biased to the short side (btw,thats really unusual)...
The chart backs up this kind of positioning...Today's huge bearish reversal Bear Hammer, the rise up to but not exceeding the 45 descending Gann angle,extended MACD turning negative,etc,etc,etc...My minimum target is of course around the 50dma (which is also at a cluster of possible support areas)...If we break past that then it could get really ugly...
No trade is guaranteed...but some trades have a very high probability of success...Trade @ your own risk...And recognize when a trader is giving you the Real...
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