Correction: Sell dollars against Japanese yen
11 May 2009 / Issue # 513 Correction
Dear Money Trader Subscriber:
Please see the correction to the futures profit target below. Sorry for any confusion this might have caused.
I recommend selling dollars against the Japanese yen on a stop basis as follows:
Forex:
Sell USD/JPY on a stop basis if below 97.30
Stop-loss order (buy) if above 98.36
Take profit (buy) at 95.73
Futures:
Buy JYM9 at 10271 on a stop basis
Stop-loss order (sell) if below 10164
Take profit (sell) at 104.41
Current prices
Forex: 97.33
Futures: 10282
Stay tuned for details.
Regards,
Cornelius
The Money Trader



