Next week is when Europe solves all its problems - at least that is what the market is expecting. I am still short the Yen and long silver but I am looking to go short stocks around these levels. I may put some shorts on later today but we have to anticipate a euphoric rally when all "Europes problems are solved" - which they won't be until all the PIIGS get to renegotiate their debt. I covered shorts in the Euro last week ( by selling out my EUO position ) because as I said "it has become a crowded trade" - too many speculators were short. Since then we have seen a good rally in the Euro. The best trading you can do is to find crowded trades and fade them.