CURRENCIES
The Euro / Dollar seems to plummet againt under the lowest low of the last days: it this will happen we will enjoy from a stiff downward move toward lower price levels.
EQUITIES
You know when you talk about risk management and the fat tail of the Gaussian curve of futures prices ? It was yesterday that at least 50% of the today traders lost all their money and psicological capital and they will never back to trading. If you do not have stop loss you are a dead man walking. We were stopped out on SPMIB40, Russell and SMI futures. A long losing series. But it happens, seldom, but it happens. The nicest think is that a few minutes before the terrorist attacks we posted the chart of the Dax with the Sequential that was pointing to a bear move. And then it happened.
BUND
Dangerous area, out.
