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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (646)1/3/2001 9:18:28 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 12410
 
Interesting about the CD and the JY. Exited the CD yesterday because it just looked a bit extended. Willing to get back in on a retrace of some sort. Down 18 cents already so the Exit played out okay. I was in for a month or so.

Yen, I am hedged. The position is a minor loss if it drops, could be a nice play if it spurts ahead. That market is so subject to quick, evidently manipulated moves, that hedging is the only way to go there I think. Else, just stay the heck out of it. It's the only currency I trade that produces mixed overall results. Really, it's an error for me to even consider it but the potential lures me.

For today in the Index Market I tend to favor the Long side, although I have not determined exactly what the Plan is yet because my network is tied up. Probably Buy after an early drop, but I do not have time or price decided on as yet.

EDIT

Sort of like it up (after a retrace) until noon hour; 12 exactly. Then a toss-up.