Taking partial profit

* The swift moves in the markets this week seems somewhat overdone - for now.
Im taking partial profit.
I believe well see more of these bearish developments ahead , but there is a good chance of an assetbullish reaction first.

*Open positions and positionchanges
- Took profit on my short Gbp/Jpy
- Took profit on my long Usd/Zar
- Took profit on my short Aud/Usd
- Took profit on my short Aud/Jpy
- New position; Short Gbp/Chf

Never got hold of short position on the Australian ASX 200 index. Bought ETF;s on short European indexes instead. Took profit there as well.

Still short Eur/Usd and Gbp/Usd.



* Other
Getting a view on deflation - stagflation - inflation.
More on these subjects in a later posting.





As usual, good luck



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