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Does anyone know where the large commodity funds are in the Market Profile
data ... Cti3 or Cti4?
Best regards
Walter
For those that asked ... save the web page ... open with XL ... save the net
figures for the development of the chart on page 33 of the Jan issue of
TASC.
Be careful of the commercials, i.e., see the following from a commodity
report.
"... keep track of
commercial trading patterns, I also do not necessarily see their buying or
long positions as being bullish, nor is the reverse necessarily bearish.
This is because a commercial may either own, want to buy, or want to sell,
all at the same time, depending on what their business needs might be.
Rather than trends, they often concentrate on the relationship of futures to
cash, and place their trades accordingly. So when you look at the COT
report, and it shows that commercials are long, don't assume it means they
think the market is going up. They may need to use the commodity, or
perhaps they are in the business of selling it, in which case it is a good
idea to own it at some point in time.
This line of thinking comes from news that as of 2-25-00, commercials had
11,900 contracts, long and/or short, in December 2001 cotton. This
represents a crop that will be planted next spring. Cotton out there closed
today at 6345, while March cotton, the nearby, closed at 5865. What this
means is that carrying charges out in Dec. of 2001 allow the commercial to
recoup at least part of the cost of ownership, such as storage, interest,
insurance, etc. This is called a normal or "carrying charge" market. For an
example of an "inverted market," meaning the nearby is higher than the
deferred, take a gander at the energy markets. An inverted market is a sign
of a bullish cash situation, either due to supplies too tight or demand very
strong. Financial markets, such as bonds or currencies, are the reverse.
The nearby being higher is a normal situation. ..."
----- Original Message -----
From: "Walter Lake" <wlake@xxxxxxxxx>
To: "Metastock bulletin board" <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, March 28, 2000 12:09 PM
Subject: Liquidity Bank Data
| Hi CMA and others
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| Is this what you were referring to?
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| http://www.cbot.com/mplex/quotes/ldbbs/ldbnmenu.htm
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| Have you just opened it into XL?
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| See the TASC articles for the explanation of the "stuff"
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| GG ... the new version of Demetra is out (V1.4 + V1.4.2) see the web
site.
| I haven't received my CD yet.
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| Best regards
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| Walter
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