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SMALL SPECULATORS REMAIN BEARISH

The latest data from the CFTC shows continued bearishness by small speculators.   The latest net bearish reading shows a drastic improvement over the December 15th data, but still shows the net bearish position that small speculators have maintained throughout the rally from the March 8th lows.  Viewing this data from a purely contrarian position the indicator continues to look bullish heading into 2010.

Source: CFTC

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