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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: wlheatmoon who wrote (23146)3/4/1999 9:21:00 AM
From: Defrocked  Read Replies (2) of 86076
 
Well, I was hoping to reshort a bounce
in the Junes with a 121/122 handle. But surprisingly,
market has yet to find sufficient bids. Obviously
dealers worried about tomorrow's employment
numbers. I'll remain flat bonds going into the
release.

My gut is telling me we've sold off enough to
accomodate the Feb. numbers. I'm hoping for a
nice rally so I can get short the April release
for March. I won't buy the bonds though. I'd just
hate to lose if Feb. numbers were stronger than
I sensed before selloff. I'll play stronger US
with yen shorts for now.

Market has 245K nonfarm, 0.3% hourly earnings built
into it for now. Ignore the 4.3% rate as divergence
from the former #'s will move bonds and therefore
stocks. JM2c.
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