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Here is a recap of the Yen market predictions made Aug 17:
Walt Downs wrote:
>
> An interesting trade has developed in the September Yen
>
> TREX calling the following:
>
> Scenario One:
>
> 1. 70% chance that the Yen trades 8580 or better over next 3 days.
>
> Once the Yen reaches 8580 then 88% chance the Yen will break down
> and trade to 8190. BUT if the Yen continues to trade up and
> the Yen closes over 8714 then 90% chance the Yen trades to
> 8900 or better.
>
> Scenario Two:
>
> 2. 30% chance that the Yen breaks immediately below the 8450 level
> If this occurs there is a 90% chance the Yen trades down rapidly
> to 8190.
>
> Strategies:
>
> Buy ATM calls OR Bull Vertical Option Spreads
> ANY CLOSES UNDER 8450, SELL THE FUTURES.
>
> Liquidate Options if the Yen stalls in the 8580-8650 range, and prepare
> to go short. Buy one OTM Call option just in case.
>
> If the market keeps going up, and especially if the Yen
> can close over 8714 Take partial profits on options, BUT continue
> to hold one call option in case the market trades even higher.
>
> Be prepared to move quickly to a selling posture on any sign of
> weakness. The spec longs will be feeling the FND blues soon.
>
> Have fun!
>
> Walt Downs
> CIS Trading
For me, late last week, and yesterday were PAY DAYS :).........
Hope some of you guys profited too......
Walt Downs
CIS Trading
http://www.cyberspy.com/~walt
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