HI GUYS A LITTLE UPDATE FROM THE BRIDGE. UNFORTUNATELY WE SAW TODAY 3 ROUNDS OF INTERVENTION BY THE SWISS NATIONAL BANK. I HOPE YOU REMEMBERED MY FRIDAY ADVISE AND STUCK A STOP FITTING WITHIN YOUR RISK PARAMETERS.FORTUNATELY I WAS ABLE TO SWUARE THE EUR/YEN JUST BEFORE THE PARTY STARTED AND SOLD AGAIN AT A MUCH HIGHR LEVEL, ALTHOUGH WE ARE NOT ION PROFIT ON IT. OUR EUR/USD POSITION IS NOW 4 PIECES ON AVERAGE 12330 THERE ABOUT. MRS MERKEL DECLARED THE WAR TODAY TOWARDS THE FINANCIAL MARKETS AND SHE IS DETERMINED TO WIN THIS.WELL IF YOU THINK YOU CAN BUCK THE MARKET THE MARKET WILL BUCK YOU.ALSO PROHIBITTINNG SHORTING GERMAN BONDS IS ONLY A SIGN OF WEEKNESS. WE COULD SEE SOME MORE CORRECTION /CONSOLIDATION BUT IT IS JUST A MATTER OF TIME WHEN THE SELLERS COME BACK TO PUNISH MERKEL AND HER OTHER STUPID EU COLLEAGUES.
REGARDS
PETER
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