Stock Market Rally continues while USD is getting annihilated in Forex Markets.
$DXY gapped open lower at 74.429 and staying under previous low of November 23 2007. This action is very confusing in view of FED remarks about Inflation worries and markets continuing interpretation of further rate cut expectations. This sure has reflected well for Gold bulls.
We opened a new trade in GOOG yesterday, after the downgrade and caught a bit of a rally here.
2008 Project M .. TRADE # 18: GOOG
Feb 26, 2008 GOOG Buy Apr 560 Call $ 3.20 .. 1 Contract
Feb 27, 2008 GOOG Sell Apr 560 Call $ 4.10 .. 1 Contract
Time: 1 Day
Return: 21.87 % or $90.00
Account Value: $ 9,443.90
Good day ahead.
Harry
