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


To: RockyBalboa who wrote (242)3/23/2003 8:40:01 PM
From: Londo  Respond to of 666
 
I'm not going to be touching the (futures) market (short or long) until March 31st. Let's see if I can stick to this promise.

I think it will be too easy for the shorts to get squeezed (just one more time) and volatility has a little more to drop before we'll see "business as usual" in the stock market. Specifically, I think we're going to see a huge push by the equity funds to show heavy gains for the quarter-end report.

As for the mini-contracts (mini-Euro, mini-Dow, mini-Gold/Silver), I'll never trade them just because of liquidity reasons and that the S&P contract is less risky than the DOW, so why bother trading the DOW?

The oil futures (QM on NYMEX) isn't bad though. The spreads are tight enough to make the cost of trading acceptable.



To: RockyBalboa who wrote (242)3/24/2003 6:33:43 AM
From: RockyBalboa  Read Replies (2) | Respond to of 666
 
SPX went from -10.7 to -16, and the Nasdaq from -9.5 to -25.50. Closing out this strategy now, incredible mispricing was there.

EUR speeding ahead, hitting 1.065 now.

Currently there is such a situation between French Caca-40 and the estx. The Frog lost 90 points and the eurostox 102 while there is no fundamental difference in the 2 index members. Usually the frog must lose much more.