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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST

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To: TobagoJack who wrote (40908)10/9/2008 12:25:32 PM
From: Riskmgmt  Read Replies (1) of 219927
 
Hi TJ
Glad you posted that. I sold my Yen/usd at 103 level only to see it drop below 100 but I had about 6 or 7% so I am satisfied.
Hell, that and gold are the only things green nowadays:}

I think that the "risk aversion" behaviour that has been escalating across all markets, might calm down a little, and especially with $/Yen below Y100 this am, for a currency that spends most of its life between Y100 and Y120, I think people should be thinking about buying US$, not selling. It has this remarkable tendency to gravitate back towards the Y110 area, very often, and I cant see why this wont happen again.

This has been my observation too and my play on the Yen. I think 100-110 is probably the more recent range but one has to be careful the Aussie had a range too, until it dropped thru it:}
si.advfn.com

Hope you enjoyed your vacation in Kho Samui, could use one myself. Enjoy your e-mails, keep them coming.

best regards,

R.
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