Another example of using trend to help you...

In an earlier post, I suggested that the Dollar would have to retrace against the Yen a little. BUT, judging by the weakness in the S+P, and these strange socialist things our president is doing, that may have to wait.

However, there are institutions out there that still want to keep making profits...and they have the ability to move markets just by the sheer weight of some of the trades they can make. A few minutes ago I saw some very strange selling action that seemed to go against the grain of what actually was happening in the pair...AND I TOOK ADVANTAGE:




Given that I was expecting a downturn days ago, I would have considered keeping this short...but the trend is still up and the S+P Futures are very down! I covered it at 98.47 for a quick $340 profit.