Our buy stop recommendation from this morning was filled.  We bought one March Dollar Index futures contract on our stop at 76.585.  I do not want to write a call option against that position yet.  Instead, I recommend putting in a sell stop GTC at 75.79, which is just below the lows of the past two days.  I feel that if the dollar is breaking out to the upside here, then the last two days of lows should hold.  I expect some immediate follow through. 

 By the way, if the dollar has a 5% correction from here, prices could rally to 80.00.  That would result in a $3400 gross gain for us if we decided to liquidate there.  Coincidentally, a move to 80.00 in the dollar would be close to the 200 day moving average that is sloping lower.  It is not marked on the included chart because of a lack of data, but that is where it would be.

 David Hall

 The information and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness. The risk of loss in trading futures and/or options can be substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.

 This newsletter is not intended for dissemination to the public without prior approval from David Hall.