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


To: RockyBalboa who wrote (273)3/31/2003 11:16:53 AM
From: Londo  Respond to of 666
 
No positions...



To: RockyBalboa who wrote (273)4/1/2003 11:52:07 AM
From: Londo  Respond to of 666
 
I sense a temporary turn in the marketplace..

If it gets there..

Long ES @ 848
Short ZB @ 113 8/32.

I'll take profits at 872 and 112 and losses at 842 and 113 20/32.



To: RockyBalboa who wrote (273)4/1/2003 1:38:54 PM
From: Londo  Read Replies (1) | Respond to of 666
 
This is a difficult market.

ZB sold at:
09:22:59 (112 20/32)
09:42:28 (112 18/32)

ZB bought at:
10:20:38 (112 12/32)
10:33:26 (112 13/32)

The reason why I got out of the trade was because there was some support, it appeared that the S&P 500 was also stalling out at the 855 level... I'm still suspecting we'll get a 5% rally in the main index or so, but I just don't know whether this is a mini-fake out or just a big one. Talk about mass confusion everywhere. Or at least just in my head.

I just don't want to be stopped out for a mere 1/32 profit when I can take something that'll buy a bit more pizza than ordinary. In other words, I'll take the 400 bucks and run.