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Thread: Trader Sentiment and Positioning
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  #440 (permalink)  
Old 05-20-2009, 03:41 PM
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I have no idea if this means anything or not, but on 7/22/2008 the SSI % long for the EUR and GBP were 31% and 28% respectively. That was a peak level for the data between now and then. At the time the EURUSD was trading at 1.59 and the GBP was trading at 2.0. Today the GBP SSI took that extreme low out at 25% and the EUR percent longs is at 36%. Now what happens if the EUR and GBP fall and those traders add to their losing positions? Is it the absolute levels of these numbers that matter or the change over time. Does anyone know?
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