Speak of the devil, I was just looking at this chart today when a comment on the last post asked for the update. We are continuing to follow the path incredibly well of what the Commercials are doing with their position in the Eurodollar one year ago. This still makes no sense except for one possible explanation. This would go deep into conspiracy theory, but I don't know of any other explanation. Perhaps there actually is a Tri Lateral Commission? It is rumored to be headed outside the US. If it is in Europe, maybe they are manipulating things through Eurodollar trading? Personally I think this is implausible, but who really knows?
It certainly does not make any sense that the net Eurodollar commercial position would provide a path for the ES one year in the future no matter how I look at it. Anyway, for those inclined to lean to the bullish camp, here is more ammo. I just can't put any faith in this in all honesty, but it is hard to argue it's accuracy.
I am going to have to cut this off, I got a terrible wound from breaking up a dog fight today after we brought a new rescue in that initially did not get along. My left hand is swollen so much I can barely move it so I am typing with one hand here. I am kind of one of these guys that pain does not bother much, and I thought this was just a few scratches until about mid day. At that point this thing just inflated like a balloon and I had to go get some drugs to fight the infection off. I hate going to see doctors and that stubbornness almost cost me dearly here. It is a bad trait even though it makes for a good movie character.
Good Luck Tuesday, hopefully this swelling will come down a bit by tomorrow night.