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CHAPTER 15 - Putting Theory to Work > A DIFFERENT VIEW OF THE SAME PROBLEM
A DIFFERENT VIEW OF THE SAME PROBLEM
We are going to play this game a little longer . . . and I suggest you really do go through this exercise, as it is how you learn and imprint these techniques on your mind. We will start with a chart with OI and the COT net position, the same as we did in bonds, but this time I’m not even going to tell you the market. Just mark the times OI is low and the COT position high on a relative basis. Let’s do that now (see Figure 15.5).
I’m doing the same exercise as you, so I’ll show you what I marked off as times when the bullish COT/OI pattern appeared on the chart, as I see it. I wish I could be right there with you to see how close we came to coming up with the same answer! Figure 15.6 shows how I called it.