Eur/Gbp

86.77 is the 3rd qtr close…as previously mentioned a close under 87

in this cross tomorrow would put in an outside reversal lower weekly close.

This is a price negative pattern which would then allow you to sell Euro rallies

with more confidence.

We’re coming into month end tomorrow. The fading of general monthly direction

is not the wisest course of action. This is a game for short term traders.

Keep a weather eye on the 30 year Bonds. I will add to the TBT position if the 30 year

futures close in the mid 129’s