MIt's not kaput, White House will go ahead and approve the funds...

M

It's not kaput, White House will go ahead and approve the funds anyway's.

Indexes rallied though the currencies moved in the opposite direction. I went SHORT on the GPB/USD as I usually do late in the morning @14973 and forgot to close my trade at 9am. Still 30pips in the bank but it's still open so I wont breathe easily til we see Monday's open.

Expect further weakness in the USD as the Auto Bailout pans out this weekend and news filters through.

ATM it's all technical with buyers streaming in as soon the price crosses the bollinger and fibs lines.

One good thing for all of us is the currency market will remain volatile for another year. As soon as you see the currency market slow down you will know it's time to buy stocks as investors go from being defensive to bullish.

Cannot see the AUD doing too much next week though the zone for placing shorts will be 67-69 range.