Beginning of the End

Traders,

This week is the last trading week for the month for January. We anticipate the big banks and hedge funds to take profit after last week's extreme volatility session. The Dow Jones fell over 500 points in 4 days, gold followed suit bottoming around the 1082/oz area and the eur/usd finished down close to the psychological area of 1.4000. We look for continued dollar strength as the dollar index is showing signs that the greenback is indeed BACK! There is also talk of the US Fed raising interest rates as the US emerges from the recession faster than other countries like Japan. We want to allow the market to "cool its heels" and then look for areas to take a position. Good luck this week and we wish profitable trading to all!

To the Summit,

4xSummit