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Tuesday, 01 September 2009 18:04:23 GMT
hello everyone who is not sharing and just watching
big move woooooooow
price moved -200 pips
GU SSI = 2.28
also for the first time we see both GU and EU having positive SSI
net positions are long for GU , as 23% of shorts covered their positions , and opened new long positions with increase 18% in total long positions , they saw that more than 200 pips downward action was more than enough and the pair facing support where they should reverse their positions and go long , will that be the case , i doubt .
the ssi beta version
usd ssi = - 1.6
changes = 54.8 %
net bear for USD ( suggesting bull for GBP ) , but the changes show huge shifting to long the USD
putting the data into a table
cot non-comm-------bear--------------bear
cot small-------------bear--------------bull
ssi - old version-------bull----------------bull
ssi - new version-------bull---------------bear
price moved from -100 to +140 to +120 to -250
we saw SSI moves from 1.66 to 1.50 to 1.81 to 2.28
with longs shifting from 7% to 3% to 4% to 18%
and shorts shifting from 16% to 23% to -15% to -23%
and the beta version
SSI moved from 0.21 to 0.5 to 0.3 to -1.6
and changes from -4.2% to 15.1% to -10.7% to 54.8%
with that huge bullishness positions in the atmosphere the breakdown through the support will make all those who put long positions cover them , leading to huge sell off , especially if the asian equity markets , nikkei hangseng and shanghai , traded in red , which is more likely to happen to follow the global bearishness in the equity market from europe and US . remeber that non-comm traders opened more short positions and won't leave the market go against them , that is probabilty not assurance so don't be attached to it , and think if traders continue to build up their positions and move the market little up more and more will join , and who knows who else will follow them
i am thinking now that it is logical to find the numbers positive after huge drop and will be negative after huge lift up
let's see what will happen tomorrow
Last edited by khaled.gad; 09-01-2009 at 06:59 PM..
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