Thursday, August 23, 2007

The Yen


You must keep your eye on this chart. It is a MAJOR pillar of this market, it is the stalk of the leverage soup that is being unwound. This pullback is healthy and I need to add to my long yen position. We must remember to add to our winners and cut short our losers so that is what I am doing. Good trading to you all.
* This is not to be taken as investment advice as this blog is a diary of my market thoughts and opinions. I am not licensed to give investment advice. Do your own homework when considering any investment. And above all remember the difference between an investor and a speculator is an investor is a speculator who made a mistake and will not own up to it !

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