We’re down to one small position. We’ve taken our money and it’s time to be patient.

If you want a little food for thought about today’s Fed meeting …read Yra..http://yrah53.wordpress.com/2011/09/20/awaiting/

Today will be a big day on a lot different levels. I would expect this day to be a day of extremes…” Significant Highs and Lows” across many instruments.

EUR/CHF…this cross came close to the 200 day Mvg. Avg. of 123.60 last night before re-tracing. This will continue to be a big level.

Model trading Portfolio…Current Holdings

Long TBT

Short 30 Yr. Bond Futures