FUTURES AND OPTIONS TRADING INVOLVES SUBSTANCIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS OR TRADERS. YOU CAN LOSE MONEY.

RECAP - TODAY THE US ECONOMY SAW BAD/ INFLATIONARY DATA WITH CPI AND CORE CPI HIGHER THAN EXPECTED. NORMALLY THE DOLLAR WOULD SELLOFF WITH THIS NEWS, BUT BIGGER NEWS OUT OF EUROPE SHOWED THAT THEIR ECONOMY CONTRACTED FOR THE FIRST TIME SINCE THE EURO CURRENCY WAS INTRODUCED NEARLY 10 YEARS AGO. WHAT THIS INDICATES IS THAT THE EUROPEAN ECONOMY IS WEAKENING AND WILL LIKELY PUT ON HOLD RAISING RATES AS PREVIOUSLY STATED. I AM LOOKING OUT FOR HOUSING NUMBERS AND PPI NEXT WEEK TO SEE A CORRECTIVE MOVE LOWER IN THE DOLLAR. IN MY OPINION, WE WILL JUST FIND A NEW SLIGHTLY HIGHER TRADING RANGE SOMEWHERE IN THE 74.75-76.75RANGE

08/14/08- I ANTICIPATE HIGHER THAN EXPECTED CPI AND THE STOCKS AND DOLLAR TO SELLOFF TOMORROW. IF SO WE'LL PROBABLY SEE SOME SLIGHT BUYING INTEREST IN GOLD AND OTHER COMMODITIES THAT HAVE BEEN HAMPERED BY SUCH DOLLAR STRENGTH AS OF LATE. THE BIG QUESTION IS WHETHER THIS RALLY IN THE DOLLAR INDEX WILL CONTINUE. IN MY OPINION THE DOLLAR WILL FIND A NEW TRADING RANGE TO PING PONG BETWEEN AS THE NEWS UNFOLDS. I WOULD EXPECT TO SEE A SHARP BREAK OF THE 76 LEVEL INTO NEXT TUESDAY'S (PPI) PRODUCER PRICE INDEX REPORT. NEVER TRADE FUTURES WITHOUT A STOP... OR A PREMEDITATED PROFIT TARGET. CPI NUMBERS FROM BLOOMBERG.COM AND CHARTS AND CONTRACT SPECIFICATIONS COURTESY OF BARCHART.COM FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS OR TRADERS.