Technical_Analysis_page_152

Technical | Analysis page 152 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 7 Sentiment 123 large speculator and the hedger. The small speculators tend to be dysfunctional, and their statis- tics are of little value. With respect to the S&P 500 futures, Ned Davis Research, Inc., considered only the com- mercial (hedger) positions and found a correlation between…