Friday, October 22, 2004

I Thought we Nuked this Place?

Japanese Tertiary Activity index rose .4 vs -.8
JPY All Sector Activity index rose .3 vs -.6 for the month of August.
These indicators are most akin to US ISM and ISM-non manufacturing releases.

The Yen is continuing its six day rally, trading at 107.45. U.S. Stock markets down again across the board. DJIA down -107, Nas -15, S&P -3
The Nikkei on the otherhand, closed up again +68.

Recommendation: Continue to build short position on every pullback. In other words, don't be a pussy. HOLD FAST!


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