Special Forex Situation
4-08-1998 1:42 AM
The Yen , D-Mark and Swiss have been sold heavily lately,
a short covering rally is due. Traders should be prepared to
take advantage of an impending move higher.
FuturesCom is long D-Mark and Yen (on the close Tuesday and from a bit
Traders should now double the position in J-yen at Mkt , last 7585 with
7596 offer on globex, add to the D-Marks 1 contract last offer 5473 and
Re-enter the long Swiss franc at mkt with 2 contracts last using a 6617
take profits in J-yen at 7665, in D-marks at 5522 , in Swiss Francs
if able through Wed Trading or until a flash is sent for a exit.
THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS. REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY.