January Effect 2003 Message Board

STOCKTALK

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Strategies & Market Trends : January Effect 2003

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To: RockyBalboa who wrote (570)	6/19/2003 6:56:07 AM
From: RockyBalboa	Read Replies (1) of 666

The EUR bounce quickly completed and undone facing modest selling pressure, possibly gearing towards 1.16. Somehow it has the clamps on. Will wait until Greenspan talk on 24th before taking positions. At least it offers some decent volatility to trade it. Turned out that the spike with the sudden gap at 1.1623 (for the contract) with the 250 contract turnover marked the highest price for the eur today, so far. I notice that the 2 coils directly above two support lines mark a good base to buy it from there on.

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