January Effect 2003 Message Board

STOCKTALK

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Strategies & Market Trends : January Effect 2003

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To: RockyBalboa who wrote (115)	2/3/2003 3:02:25 AM
From: Londo	Read Replies (3) of 666

All I can say is that your trade is looking like a stroke of genius at this moment. I'm patiently waiting for some sort of pullback to the 1.075ish level, but am not getting it. Looks like that traders are doing a mass cash-out of the recent gains which is to be expected.. the question is of course whether it'll start chopping, or trending back down? Gotta hit the books once more I guess. It's had an interesting effect on the US stock market - S&P futures appear to be supported by the decline in the Euro. What's interesting though is that there isn't much correlation between the 30-year and the Euro - the 30-year's been rather choppy over the past couple months, while during the last surge in the Euro, the 30-year actually gained (yields dropped), which is a little counter-intuitive. Not really sure what to make out of that data. All of this is from a strictly technical perspective, I'm still continuing to form my fundamental profile.

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