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

To: Londo who wrote (224)	3/17/2003 2:50:48 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 666

I'm a horrible trader as well,... but, no guts, no glory. The german bund future single handedly made my day in that it fell a further 1.11 points to now 113.65 which brings the total gain to 2.60 (or 30bp in yields) in a mere week. The euro came in a bit expensive, with an average of some cash level equivalent 1.0640 (and I could ahve bought me some close to 1.0600, with some patience), so....well. This is a "long term" position, so I'm not in a hurry. The mid term uotrend in Eur remains intact, there is no other outcome than a retest of 1.10 + further advances. I know, I should not buy now but then when it really hits 1.10 again - therefore I don't dispute that I'm a lousy trader. The "zero" simply must go up - the double deficit shall lead the dollar to mid-1990 lows (1.50 Euros), over the long term.