A.M. Look 9/22/10

Euro..an old Chicago trader once said the hardest thing to do in trading

is to let your winners run…I guess I am still learning that lesson….

Had I not taken profits yesterday I would today….Eur/yen is getting pricey short term

at the 114 area.


Follow the bonds and so goes the currencies and metals..

up up and away. Low rates = a weakening U.S. Dollar and strong

metals is the current scenario.


Equities…day traders can try to buy the stocks against last night’s lows to see if they hold..

use a stop just below 1128 in the spu..Nasd ( 1975 seems as good a level as any early)



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