Currency traps…

Posted on Sep 15, 2011 by in Letters

If you were looking for a buy signal in the euro here it is.  A gap and island reversal.  The FXF is similar but not so strong.  The only problem right now is the Swiss might clean your clock and the Greeks might eat your lunch.  Enter at own risk. And only if adroit, brave and willing to take the loos, though the ETFs should ameliorate that somewhat.

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