Friday, October 10, 2008

TS and protecting your profit

Look at the reversal in EUROs to the 1.35x level, if one had protect their paper gains this would not be a problem, strategize your trade plan. Yen is flaring very strong and we are looking at the foreign assets unwinding, or some say the lehman assets unwinding as well! i am clueless but the fact credit is euro is also tight i think the downfall is as limited as the us just the scale is also smaller. YEN might look at a furthur appreciation to 96 against the dollar, personal two cents.

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