Again, as the actual record shows (I don’t make up these numbers), the most bearish they were was the June 6, 2003, low in cotton when they had actually gone slightly net short—right at the start of the largest up move of the six years! They missed the sell at the highs and failed to be buyers at the lows. This is typical of what the public does, year in and year out, in the majority of the markets, the majority of the time. By the way, had you sold one contract on 1998 when they were such heavy buyers you could have made close to $32,000 on your $500 investment. That is if you had sold short, if you had rolled the position, and if you exited close to the low. Yes, there are lots of ifs there, and for a reason. But you can see the potenti....