24.7 – 2009,

Well, well – looks alike some real action in the market, not completely as boring as year ago july was. As mentioned in last weekend post I am looking oil price as 66-68 $ range to be reached to short, eur-jpy 76.8% confirmed same story.

Well, both then came today, it´s 61.8% roof and I shorted it with eurodollar just below 1.4300. That´s only position I have and if it stays below 1.4210 I am going to keep it some time, if it goes above profits will be executed – but I have to confess I never thought oil / spx would come up this fast and SPX 975 as new high is real refreshing to see. Smells like we really have 2 different direction waves war in here, one down and another up in everywhere. Usd-Chf road looks more than wild from today. Since haven´t been in the market much because of summer season I have nothing else to say, completely out-of-blue what´s going on there – but at least starting to look it with one short.