RE: wildstuffWell it sounds good...I will have to look into it some more. I was comparing the numbers to a historical chart and the differenc between 152000 and 211000 is significant
I know some people look at just the ratio between net long and net short amonsgst the specs and the commercials...but open interest gives an ideal of how much participation there is, Historically at 200,000 plus means we are getting very toppish but at 150,000 there is still room for people on the sidelines to come in and fuel a rally.
Probably not today, but if I find something to confirm your thesis I will post this up
Thanks again