Any toughts on it's valuation today and on a longer term? Own it since spring and it had a nice rally since then so I am looking for some opinions on selling or holding today. Cheers.
I believe its running up on some short term resistance, but I don't see any problems with it running into the .90 range against the USD come December or January.
agreed.. short term resistance from 9/22/2008 high of 8518 but on friday it breached that number but fell back down. Holding futures on AUD and i think unless it cant breach that number again this week and trade higher then i'm with you in implementing options... Good luck and hope the trade goes well.. Cheers, JP
I would lighten my load considerably at these levels is how I read it. I think its had a nice rally and is due for at least a short term pullback.
retail sales and home loans just came in both worse than expected so you might be getting ready for a long short trade sooner than you thought as for me going to lighten up on some contracts..
I think the world finally understand that American produces nothing but "gift" card with some fancy wrapper: AAA,AA,A+,BB+,B+,MBS,CDO http://www.elitetrader.com/vb/showthread.php?s=&threadid=174799&perpage=6&pagenumber=6