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

To: RockyBalboa who wrote (155)	2/24/2003 12:30:09 PM
From: semi_infinite	Respond to of 666

short squeeze? I can't see oil going to $50 and if it does it wont stay there long.

To: RockyBalboa who wrote (155)	2/24/2003 12:34:24 PM
From: Londo	Respond to of 666

Yes, very interesting. This seems to be the first phase in an upward spike.. now, I guess the real question is, when does one go short? Not at 8 bucks, but around 12-13? Note that the later-term futures (August 2003 and past) are significantly lower than the current month.

To: RockyBalboa who wrote (155)	2/24/2003 12:36:51 PM
From: Londo	Read Replies (1) \| Respond to of 666

Also, 30-year bond futures are trading around 113.75 right now. The 114 mark has been fierce resistance over the past month, and I suspect it will break through the upside, which should be good for 115-116 before they start selling off again. I don't seriously see the bonds going any higher than 117 on the spike. In fact, after Iraq, I can't see ANYTHING keep the bonds up.