Dear Readers, Not a lot is new, except the news out of China. Stocks there are limit down. Due to government raising the transaction fees for stocks. Dear John, told us about that yesterday. Thanks John. Let us note that 5/23+- 2 days did produce a $ low of sorts and now it is getting stronger again. The only problem is that the degrees of the moves is not high so, the entire thing looks like a sideways move, which it maybe. We advocate resumption of $ decline in Sep. So, long term people may just want to stay in EURO/CHF etc and ride out the Sept decline.
Good Trading
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