Today's trade (09/01) recorded the biggest net short by commercials in recent memory. We track daily net longs and shorts by commercials and today's trade showed a net short of 188,604 contracts. The closest we can find to that was a net short of 153,682 contracts which occurred on 2/10 this year amid all that frenzied selling right before the low in March of this year. This selling was obvious throughout the session as evidenced by this chart and the HUD below. This shot of our Market Heads Up display, which is demonstrated on another thread on this forum, was taken less than 2 hours after the open and reflects the selling which continued throughout the day.