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#5: Tom McClellan on Engineering Effective Stock Market Models

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Paying Attention to Trends

The COT report tells how groups of traders are positioned, or the non-commercials. When we're talking about Eurodollars, this is not the Euro versus the dollar in the currency markets. So a Eurodollar futures contract is really an interest rate product. Paying attention to what the commercials are doing is usually the right way to go.

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