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The Net Committment of Traders Post was on 9/9/03 under .....
Recomendations....Page 3...Greenback/Yen Battle....
Quote just caught the headline....this is its entirety........
Net Trader Positions/Market Sentiment
The Commercials are the Smart Money....Small Speculators usually are Bullish at Tops and Bearish at Bottoms. Large Speculators are Trend followers...and are usually on the right side of the Move.
The Commercials precede Market turns...and a Commercial Net holding Long/Short position should be in context of their Average Net holding posture...in other words if the Commercials are Net Long/Short breaks above/below their average net positions shows the formulation of a Large Move.
The Commercial interests in each Currency act differently...the tracking of their footprints is in how they interact over Time...they Accumulate/Distribute positions BEFORE an upcoming Move...which in turn triggers Directional Price Movement.
Net Traders Postions used in conjunction with Market Sentiment moves the Commercials closer to a Market turning point....by using prevailing Market Sentiment of Advisors we know that values between 30%-70% favor a continuation of Trend.. -30%- +70% indicate Overbought/Oversold conditions....especially when the Commercials are at the extreme opposite to the Large/Small
Speculator. A Market Reversal is at hand.
Use these two powerful indicators for maximum benefit.
Best Regards,
Iris
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