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Strategies & Market Trends : January Effect 2003 -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (147)	2/17/2003 7:32:41 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 666

After 2 days of drubbing and no reversal in sight, the pros in london begin to raise eyebrows. First time they ask a real bear, well, Sir might it be that we have hit a brick wall? (They have a lot of business and the people were not buying). That second the EUR and GBP trades down some 59, and 126 points, respectively, in thin markets where asian traders run stops (1.07 in the March EUR). I couldn't pass up and took in a few, hoping for bad news tomorrow. In other markets, the Aussie Future just completed a nice small roundtrip leaving some traders holding the bag, who, sure as cancer dropped their lots for some points lower. Amazing (that happens despite the S&P and others are indicated quite a few points up).