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


To: RockyBalboa who wrote (278)4/2/2003 10:56:56 AM
From: Londo  Respond to of 666
 
Just say it's a hunch.

Anyway, the S&P should be good to 910 from here on in. Maybe.



To: RockyBalboa who wrote (278)4/3/2003 11:16:06 AM
From: Londo  Read Replies (1) | Respond to of 666
 
I'm going to be grabbing a T-bond long at 111 16/32. I'll get stopped out at 111, but I think we're going to be heading to a yield of 4.75% again.

I'll get screwed royally if Baghdad surrenders (if it happens while A/C/E is closed!), but considering that there's nobody alive in upper command to surrender, the last 19 miles (or whatever) should be rather long since whatever Saddam loyalists are left are going to cause major shit (maybe even gassing their own civilian population and trying to pin it on the Americans). We'll see what happens, but I don't want to be long now. I may be considering an S&P short, but I would like to see market action for the duration of the day and prefer to open a position after-hours and in HK to bet on the next day's action.



To: RockyBalboa who wrote (278)4/3/2003 5:14:17 PM
From: Londo  Read Replies (1) | Respond to of 666
 
Yuck. An awful day for me, but deservingly so, mainly because I had an inital plan, but I deviated from it, and fell into my own trap. I got stopped out at 16/32, and I think the S&P is going to tank tomorrow... I'll try to cover for these mistakes when A/C/E opens again tonight.

But the point is that my bias is now bearish for tomorrow and the rest of next week. It should be pretty ugly.