Monday, May 10, 2010

5/10 Forex

No phase switches this morning on Person's Proprietary Signal. Oddly, I would add, given all the post-eurofear movement in forex.

Even if there were new signals, I would be treating them with huge caution, given the fact that markets today are being driven by a single news event.

My rule regarding news is to follow Lord Nathan Rothschild's advice: "Buy to the sound of cannons and sell to the sound of trumpets. The weekend's news about the EU's facility to protect the euro is all trumpets.

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