January Effect 2003 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : January Effect 2003

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RockyBalboa who wrote (582)	6/20/2003 8:05:57 AM
From: RockyBalboa	Read Replies (2) of 666

Some support tries at 116.45-50 for the EUR after 117 didn't hold. 116.50 was a near term support which held very pretty between the 2 119 runs. The 2 knots are at 116.10 but we even didn't go there now after the drubbing. My little helper suggests a rising trendline here. I don't see its origin must be light years in the past. Having bought a few it needs a tight stop and constant babysitting, same goes for the bonds (EUR Bond - 118) The bonds had a touchdown (TNU3 flat, German bund 118) but go up again, the SPX future briefly tried 1000 but is off since. The wave implies weakening of stock indices, steady to higher bonds, and strong currencies. Those "dumb" technical trader tend to extend trends to an unnecessary maximum, stress testing some portfolios. On the other hand we wouldn't have that trading ranges so I must thank them for providing cheap entries and often decent exits.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next