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


To: RockyBalboa who wrote (200)3/7/2003 2:50:43 PM
From: Londo  Respond to of 666
 
ZB June Futures stopped out at 115 4/32 - I guess $120.20 worth of after-commission profit is better than a loss, but I guess in retrospect I should have narrowed it to 115 or so to secure more profit. (or better yet, closing the short at 114 1/2). Everything is so easy in retrospect. At least I made a little catching the falling knife.

Have a good weekend! My account is totally flat now.



To: RockyBalboa who wrote (200)3/11/2003 10:01:22 AM
From: Londo  Respond to of 666
 
Bonds appear to be topping, although I want to see a final 'surge' of about 0.75-1.00 before I'll consider it another intermediate top. Presumably this will happen on a formal security council veto?

Anyway, I have an order to short the ZB June at 116 8/32. The market is 1 point away right now.



To: RockyBalboa who wrote (200)3/11/2003 9:18:54 PM
From: Londo  Read Replies (1) | Respond to of 666
 
Found it a little interesting today that the bonds appear to be 'distancing' themselves away from the S&P - i.e. instead of going up when the S&P goes down, the bonds are staying level.. a top in the futures? Not sure.

If S&P volatility gets much higher, I'll be longing the S&P and going short the treasuries, in anticipation of something that resembled October's rally.