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The Local's Take: Late Day CommentaryBrian Kahn - Thursday, August 26th, 2010

Hello Traders and Investors,

A quick evening post.  For the forex traders, we had DOUBLE FALL LINE TRADES a plenty as the equities started off strong, then caved and the dollar started off strong, then had a 9th inning comeback.

The equity markets seem a little oversold and there is the chance that Uncle Ben saves the day from the Jackson Hole tram.

I am still cautious and will look to sell rallies.

More tomorrow,

Coach Brian

Disclosure

Educational purposes only. No buy, hold, or sell recommendations.

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