THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

Derived from the Bi-Weekly Report Published by the Commodity Futures Trading Commission*
*Reporting positions as of August 26, 1997.
*Released from Commodity Futures Trading Commission on August 29, 1997.

Showing Percentage Each Group Comprises of Each Market and Percentage of Each Group in Long Positions

		Reportable Positions
Exchange & Commodity		Non Comm. Long or Short Only		Non Comm. Long or Short (Spreading)		Comm.** Long or Short Only		Total Reportable Positions		Non Reportable Positions***
	Reporting Level	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long	Pct. of Mkt.	Pct. Long
T-Bonds (CBOT)	500 contracts	9.42	60.7	8.29	50	62.1	48.1	79.8	49.8	20.2	50.8
Last Reporting Period		11.3	60.6	6.42	50	64.3	46.1	82	48.4	18	57.2
T-Bonds (MACE)	500 contracts	30.5	75.4	0	50	0	––	30.5	75.4	69.5	38.9
Last Reporting Period		34.8	52.8	0	50	2.07	100	36.9	55.4	63.1	46.8
90-Day T-Bills (IMM)	150 contracts	7.5	39.2	5.11	50	59	39.4	71.6	40.2	28.4	74.8
Last Reporting Period		10.6	28.3	5.17	50	52.7	41.7	68.5	40.2	31.5	71.3
6.5-10Yr. T-Notes (CBOT)	500 contracts	6.44	49.5	8.19	50	67.4	51.7	82	51.3	18	43.8
Last Reporting Period		8.71	57.5	4.18	50	70.7	50.6	83.6	51.2	16.4	43.7
5-Yr. T-Notes (CBOT)	300 contracts	9.63	38	2.64	50	74.6	54	86.8	52.1	13.2	35.9
Last Reporting Period		11.3	47.6	3.95	50	72	52.6	87.3	51.9	12.7	37.2
2-Yr. T-Notes (CBOT)	200 contracts	8.66	36.7	2.82	50	69.8	54.3	81.3	52.3	18.7	40
Last Reporting Period		10.4	33.4	0.61	50	78.1	54.7	89.1	52.1	10.9	32.4
Eurodollars (IMM)	850 contracts	4.85	55.1	5.2	50	64.4	52.9	74.5	52.8	25.5	41.7
Last Reporting Period		4.33	59.6	5.55	50	64.3	52.6	74.2	52.8	25.8	42
1-Mo.LiborRate(IMM)	100 contracts	3.33	62.2	1.6	50	86.1	48.9	91	49.4	9	55.8
Last Reporting Period		4.94	46.1	2.24	50	83.1	48.8	90.3	48.7	9.7	61.9
Municipal Bonds (CBOT)	25 contracts	3.87	93.4	0	50	86.7	48.6	90.6	50.6	9.38	44.6
Last Reporting Period		5.1	69.8	1.65	50	84.9	49.4	91.6	50.5	8.39	44.5
30-Day Fed Funds (CBOT)	100 contracts	6.64	19	2.63	50	77.6	55	86.9	52.1	13.1	36
Last Reporting Period		7.2	48.2	6.65	50	71.7	51.4	85.6	51	14.4	44
Canadian Dollar (IMM)	200 contracts	18.1	20.1	1.68	50	49.8	51.3	69.6	43.2	30.4	65.6
Last Reporting Period		15.7	25	2.21	50	47.8	48.1	65.7	42.7	34.3	64
Swiss Franc (IMM)	200 contracts	17.9	23.6	2.3	50	48	68.3	68.1	55.9	31.9	37.3
Last Reporting Period		19.5	11.2	2.25	50	48.5	79	70.3	59.3	29.7	28.1
Deutschemark (IMM)	200 contracts	14.1	41.5	0.85	50	58.6	54.2	73.6	51.7	26.4	45.2
Last Reporting Period		25.5	6.11	1.59	50	52.2	77.3	79.3	53.8	20.7	35.4
Pound Sterling (IMM)	200 contracts	13.4	4.3	0	50	64.1	64.9	77.5	54.5	22.5	34.5
Last Reporting Period		15.6	12.1	0	50	60	68	75.6	56.5	24.4	29.9
Japanese Yen (IMM)	200 contracts	18.2	12.4	2.57	50	61.1	64.3	81.9	52.3	18.1	39.7
Last Reporting Period		20	8.46	2.46	50	55.1	68.4	77.5	52.4	22.5	41.7
Australian Dollar (IMM)	200 contracts	14.1	10.2	1.22	50	58.4	61.7	73.7	51.7	26.3	45.3
Last Reporting Period		18.2	4.15	0.03	50	55	72.4	73.2	55.4	26.8	35.2
Mexican Peso (IMM)	200 contracts	10.3	78.1	0.94	50	65.9	43.9	77.2	48.5	22.8	54.9
Last Reporting Period		7.91	73.5	0.49	50	68.3	44.7	76.8	47.7	23.2	57.6
30-Day Fed Funds (IMM)	100 contracts	6.76	0	0	50	87.3	55.1	94.1	51.2	5.91	31.4
Last Reporting Period		6.76	0	0	50	87.3	55.1	94.1	51.2	5.91	31.4
S&P 400 (IMM)	25 contracts	4.54	37.9	0	50	91.1	50.3	95.6	49.7	4.41	56.1
Last Reporting Period		4.17	39.3	0	50	90.8	50.6	95	50.1	5.02	48.5
S&P 500 (IMM)	300 contracts	6.55	29.5	0.48	50	69.2	50.3	76.2	48.5	23.8	54.7
Last Reporting Period		6.27	37.7	0.14	50	68.8	50.2	75.2	49.1	24.8	52.6
Value Line Avg. (KCBT)	50 contracts	––	––	––	50	––	––	––	––	––	––
Last Reporting Period		––	––	––	50	––	––	––	––	––	––
Mini Value Line Avg. (KCBT)	50 contracts	7.23	72.6	2.76	50	56.9	49.4	66.8	51.9	33.2	46.2
Last Reporting Period		6.84	53.1	2.57	50	61.1	51.6	70.5	51.7	29.5	46
GSCI (IMM)	25 contracts	4.16	38.8	0	50	94.6	50	98.8	49.5	1.23	90
Last Reporting Period		3.47	42	0.17	50	94.4	49.8	98	49.5	2	75.6
Nikkei Stock Avg. (IMM)	50 contracts	19.1	54	0	50	60	44.7	79.1	46.9	20.9	61.7
Last Reporting Period		24	53.8	0	50	57.6	44.8	81.6	47.4	18.4	61.3
Russel 2000 Index (CME)	25 contracts	3.67	17.9	0	50	84.7	46	88.4	44.9	11.6	88.9
Last Reporting Period		4.81	36	0	50	85	46	89.8	45.4	10.2	89.9
Yen/DM XRate (NYCE)	25 contracts	29.6	23.3	0	50	61.4	64.6	91	51.2	9.02	38.2
Last Reporting Period		39.1	20.9	0	50	55.9	71.2	95	50.5	4.96	39.7
French Franc/DM XRate (NYCE)	25 contracts	32.4	20.5	0	50	63.4	67	95.7	51.3	4.25	21.5
Last Reporting Period		29.4	14.7	0	50	64.2	67.9	93.7	51.2	6.33	32.5
Lira/DM XRate (NYCE)	25 contracts	53.2	17.3	0	50	43.1	91.8	96.4	50.6	3.62	32.8
Last Reporting Period		50.2	16.6	0	50	45.6	89.5	95.8	51.3	4.22	20.7
DM/B Pound XRate (NYCE)	25 contracts	28.5	0	0	50	58.6	78.5	87.1	52.8	12.9	31
Last Reporting Period		30.5	86.3	0	50	46.4	24	76.9	48.7	23.1	54.3
Eurotop 100 (CMX)	25 contracts	10.9	100	0	50	72.8	35.6	83.8	44	16.2	80.8
Last Reporting Period		10.9	100	0	50	71.8	34.4	82.7	43.1	17.3	83.2
US$ Index (New) (NYCE)	50 contracts	51.1	49.8	11.5	50	11.6	7.78	74.2	43.3	25.8	69.3
Last Reporting Period		63.5	42.1	10.1	50	4.22	0	77.8	40.8	22.2	82.1
NYSE Compos. (NYFE)	50 contracts	22	77.1	0	50	10.4	12	32.4	56.2	67.6	47
Last Reporting Period		21.8	73.6	0.04	50	14.9	33.4	36.7	57.3	63.3	45.8
CRB Futures Index (NYFE)	25 contracts	13.5	33.9	67.8	50	0	––	81.3	47.3	18.7	61.6
Last Reporting Period		12.4	17.8	59.5	50	0	––	71.9	44.4	28.1	64.2

Consensus National Futures and Financial On Line Index
Food & Fiber Index

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