Monday, February 21, 2011

U.S. BANKING HOLIDAY

Hello

Today is a U.S. Banking holiday.  That means you should be sitting on your hands and studying.  With banking holidays's, it does not necessarily mean the markets won't be moving but, action is unpredictable due to lighter commercial volume.  So, today will be a day for reaction retracements of Fridays moves.  Look for markets to drift against the trends today to take out the weak hands before the real moves begin tomorrow.

Cheers, Jerry
Jerry@forextradingmajic.com
Jerryjstew@yahoo.com

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