It will be interesting to see if the commercials add to their
net long position on the Dollar, the commercials tend to 'scale in'
to a position vs buying or shorting all at once, but yes it's
weak for sure.
Also the ratio trendline has been a really great guide, the
ratio was not able to break over the trendline on the bounce last
week, which would have signaled a trend reversal. It's
something to watch going forward as the trendline-ratio-breaks have
been good at picking inflection points
It will be interesting to
Dollar dropped
Posted by matt on 18th of Feb 2011 at 01:19 pm
It will be interesting to see if the commercials add to their net long position on the Dollar, the commercials tend to 'scale in' to a position vs buying or shorting all at once, but yes it's weak for sure.
Also the ratio trendline has been a really great guide, the ratio was not able to break over the trendline on the bounce last week, which would have signaled a trend reversal. It's something to watch going forward as the trendline-ratio-breaks have been good at picking inflection points
I have them at 3662
Posted by kelt on 19th of Feb 2011 at 04:05 am
I have them at 3662 net long, so if we are looking at the same thing they have covered quite a few.