Monday, May 25, 2009

Rocket entry-failure to launch

 I may not even wait for the stop out if this keeps up. One of the beautiful things about overnight positioning as things move in slow motion relative to the helter skelter and pandemonium we typically witness during the day as the pound turns around as do rest 
Of currencies Dollar appears  particularly strong against Yen.
We warned everybody not to even do the last trade just keeping everyone in the loop
time to get serious and back to  business  with an entry point we can feel good recommending.
Now we probably won't give one out until the AM look.   We stay fluid here on the overnight
as N. Korea takes pot shots at us spy planes  and hit the Yen by accident.



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