Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, June 17, 2009

Futures

Overnight they were +3 ish....

then at 6am -1 or -2....

now back to +3...

now +1.5...

So....

I'm looking at the Dollar Euro... or Euro/Dollar. the low in November to march...

is 1.25... seems like we are headed back to there...

so... as I look at this... the dollar needs to Accelerate... I want to see the move Up in dollar value start to accelerate... Like 1.35 by next week at this time...

1.357 would be a new low weekly

Current trade is 1.3844 and yesterdays low is 1.38ish...

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