[B]Signal: [/B][B]Bullish[/B]
[B]
[/B]
[B]GBP[/B]: [B]The 52 and 13 week COT indexes are at 0 and 0. The implications are the same for the Pound as for the Euro. That is, a bearish sentiment extreme has been registered and the Pound should bottom and begin a rally that lasts weeks, if not longer, very soon (may have bottomed last week). One sign that a bottom is in place is when the Composite COT turns up – which is at its lowest reading since March 2006.[/B]