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[flyers&divers]

In my March 12 post I called attention the potential move to near recent highs. Well, there was a good move up, although not to the highs and I scaled out of it but for a small core position, peeling the last layer after the opening last night. The June JPY futures retraced from last night's 0.008705 top to below 0.008600 this morning but the 120 min chart( which a lot of currency people seem to be using) is showing a bullish wedge or coil so I am scaling in on the long side again. Mistakenly perhaps, but I am convinced this is the beginning of a long rise for the Yen so I trade it from the long side for now. Regards, F&D