Dow Relief Rally

Good morning dynamic traders. What a day on the markets yesterday was!

The drop across the board on stocks and indices is as a resut to a lacl of agreement on the bailout. As forex traders we should all be benefiting from this indecision and uncertainty. The CHFJPY has made some good profits and again I have scaled out further and am managing the trade. Those of you who are also in this trade should look to do the same.

Went to the top of the Empire State Building (below) this evening and spent some time watching the organized chaos on the roads. Unfortunately the chaos in Wall St. certainly is not organized and further moves down should be expected but also a relief rally at some point will come in to play. This is just how the markets work so the bears might look for good opportunities for selling short.



Good trading...

Forex Analyst
Javid Shaik