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

To: RockyBalboa who wrote (235)	3/20/2003 7:27:59 PM
From: Londo	Respond to of 666

CPI report is due tomorrow morning - no matter what is reported here, there should be volatility in the bond market, but I think bonds will trade up after that in anticipation that the major driver to inflation (oil) will no longer be a factor in the future.

To: RockyBalboa who wrote (235)	3/21/2003 11:21:26 AM
From: Londo	Read Replies (1) \| Respond to of 666

Filled on the ES at 885 short, 3:55am pacific. The high of that morning was 887.50. There must have been some news from an over-zealous news reporting saying something bad happened to Saddam again.. the joys of 24 hour markets! Thankfully I pulled my TBond long orders, so I don't have any position on the bond market yet. I find it a little disturbing that bonds are still trading down despite the fact that the stock market is not exactly skyrocketing up - this suggests there's still a bit more cash destined to go into equities, so I'm going to close my ES position at 870 or 883, whichever comes first. (so a 15 point profit, or 2 point profit).