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Old 01-26-2008, 09:45 AM
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Re: Fxi

Thanks James. I might do it that way. Except for the last 3rd I might put the stop a bit below break even, perhaps at 146. Depends when it hits the 160 target and market sentiment. Does it hit the target after a rate cut, as a reaction to it? That might be a stronger, more sustaineable move that might go further, perhaps 165 or more. Or does it hit the target prior to the fed meeting in anticipation of a rate cut, or due to independent China market moves? Then it might be good to take some off the table IMO ahead of the rate cut. B/C US market reaction to rate cut I think will have a significant impact on the Chinese market. Just some thoughts. Not sure how I will play it.

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