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Friday, August 28, 2009

DEAR READERS.

THANK YOU FOR THE FRIENDLY COMMENTS. IN SPITE OF EVERYTHING GOING ON AT THE MOMENT I KEPT FOLLOWING THE MARKETS. SO FAR SO GOOD, WE HIT THE 15100 LEVEL AND ARE CURRENTLY IN A SMALL RETRACEMENT. I EXPECT 15300 AS VERY TOPPISH. AFTER WE (PERHAPS) HIT THE 15300 I EXPECT GBP/YEN TO DROP FURTHER TO 1ST TARGET 150.00 WITH EXTENSION TO PERHAPS 14800 LEVEL.
IF YOU TOOK THIS POSITION AND FOLLOWED IT ALL THE WAY I SUGGEST YOU COVER 4 OUT OF OUR 7 LOTS AT 150.00 AND THE 3 REMAINDERS AT 14800. OF COURSE YOU COULD ALSO COVER THE ENTIRE POSITION AT 15000. IF HIT YOU WILL HAVE A SWEET 880 POINTS PROFIT PER LOT OR 6160 POINTS. ON WHATEVER EQUITY YOU MAY HAVE THIS IS A RETURN OF 61,6% I HOPE WE WILL GET THERE VERY SOON.

BEST REGARDS
PETER RIS

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