SRS & SDS

SRS looks like a great setup for a long if the price can close above 7.34... SDS looks good as well if price can close above 34.52 both of these are low risk trades... Hope it helps...

HAPPY NEW YEAR

Christmas was one of the best I've ever had(had many great ones) as we close out 2009 and prepare to enter the new year... If New Years Eve turns out to be just a fraction of what Christmas day was, I will be one happy man... With all that said, I want to wish you all a "Happy New Year" and may the trades and profits be with you in 2010...

WHAT A YEAR!!!!

CHOPPY AND THIN...

Usually means that it will be tough trading... BE CAREFUL!

here's one that is worth a couple of bucks...

EUR/CHF long @ 1.4901 Short @ 1.4850 target 45 to 55 pips

Short @ 1.4850 stop @ 1.4890 target 1.4796

Where's the money

Banks receive this money and will lend. - NOPE! This has not happened. This I believe is one of the greatest lies that has been made in this crisis. Why would any smart banker lend in the teeth of a nasty, jobless drecession? Would you? If you looked at a firm that is asking for credit and he tells you that their business is slowing and they need a loan to make payroll, do you think they are a good risk? Asking bankers to lose money on bad loans is not a solution to the crisis. On a positive note, I am hearing some of my clients being contacted by banks that are desiring to lend on

Banks and other bank holding companies...er investment banks and insurance companies can now borrow at zero overnight and buy stocks, bonds, and commodities. Is there any wonder why all markets are screaming? What happens when that money is taken back? Remember, this money was intended to strengthen balance sheets and also intended to be lent out to companies and consumers, not find their way to the craps table!

nterest rates are still low and creating asset bubbles. - Banks and other bank holding companies...er investment banks and insurance companies can now borrow at zero overnight and buy stocks, bonds, and commodities. Is there any wonder why all markets are screaming? What happens when that money is taken back? Remember, this money was intended to strengthen balance sheets and also intended to be lent out to companies and consumers, not find their way to the casino!

terms now. This may be an indication of some thawing.

Great short with a stop @ 39.49... Hope it helps

GBP/JPY

This chart is worth a serious look...

QQQQ monthly chart

The QQQQ is absolutely insane with strength... It has broken the downtrend and now has broken through the 61.8% retracement... All I can say is con quidado (be careful) Hope it helps...