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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (8864)	3/31/2003 8:44:02 PM
From: t2	Read Replies (1) \| Respond to of 11447

Bond sellers have changed their minds 1 week ago and so did I for obvious reasons..fears of a long war. The only signal that I take from bonds now is to see if any mid day pullback occurs in bonds...setting up a bounce in equities, like we saw mid afternoon today. Until I see some some weakness in bonds again, I am position trading mostly on the short side except for the odd daytrades on the long side. No way I would hold a long overnight. At least that is the plan for now. My indicators are basically oil, bonds to determine whether to go long or short on equities. Even after the pullback in oil earlier today, it rallied late in the day even with the oil wells secured news, meaning stocks were doomed to fail in their comeback.