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COT 02/18

Tuesday, 19 February 2008 14:18:58 GMT

Written by Jamie Saettele, Currency Analyst

Signal: Bullish

02-18-08cot8

 

AUD:  The 52 and 13 week COT indexes are at 45 and 92 and trending up.  Conditions are considere bullish until a bullish sentiment extreme occurs -- which likely will not happen for at least a few weeks.  Bulls should be careful here because the 13 week index is close to 100, indicating that the bullish  boat is beginning to get a bit too crowded.    

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