Any idea how cot reports can be sued in forecasting?

Question

any idea how cot reports can be sued in forecasting trends

Answer 1

I'm guessing you meant used, as opposed to sued.  I'm also assuming COT means Commitment of Traders.  The general idea is that you want to be going the other way of the retail traders.  They are broken down into commercials, noncommercials, and unknown.  The unknown are the retail traders.  The idea is that the big guys know more than the small guys, so you want to be betting with the big trader and against the unknowns.  Just one factor to look at, though.

Answer 2

Financial forecasts usually include a small-print, hidden at the end of the document disclaimer that absolves the forecaster of any responsibility should the forecast turn out to be wrong.

If some forecaster gets careless and doesn't include that small-print, hard-to-read disclaimer with his forecasts.  Then perhaps you can sue this forecaster for any losses you might have due to his forecasts.