9/04/2007

UPDATE: Short GBPJPY @ 234.19

Very nice follow-through as cable takes out a couple of lvls to the downside. Nikkei getting slammed overnight, SPX futures down 15 points from last night's high. The influence of the "Punchbowl Caucus" is fading...

Took partial profit at 232.40. Will sit on the balance for now. Yesterday's low 231.93 to provide support intraday, a break of this lvl and the chart begins to look ugly again...I smell a big payday coming up :)

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