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

To: Londo who wrote (282)	4/4/2003 7:04:35 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 666

Volatility is approaching unseen levels. I experienced some gut wrenching EUR jolts with unseen intraday drops and spikes The treasury gets a pounding, needless to say that my cover of an intraday short yesterday looks like a useless exercise now (though the short at 29/32 was an excellent execution). With all the bad news from comapnies - see the load of earnings warnings yesterday, I likely will sell the current gap. It can not be sustained. And yes, I'm annoyed. Close to the session I bagged a few DJ futures, but dropped them for a pizza. I got the ESTX50 short at 2190, the 60+ gap is a bit strong. Will stop a bit just over 2200 if things pan out differently. I might think that the Eurostox is fundamentally weaker than its US index peers thats why it usually underperforms the US markets.