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

To: RockyBalboa who wrote (288)	4/4/2003 11:09:58 AM
From: RockyBalboa	Respond to of 666

In the end it was a nice try: Treasury recovered to mid 111s, EUR flat lining jus under 1.07, it did get its 25pip move but from 1.067 on. The big loser is nasdaq with the futures hitting close to 1050,....In the chart this makes a big "dark cloud cover".

To: RockyBalboa who wrote (288)	4/4/2003 11:11:07 AM
From: Londo	Read Replies (2) \| Respond to of 666

I agree with your assessment, something 'weird' is going on, the markets are incredibly choppy right now in that narrow range (S&P 870-890, 30-Year 110 16/32-112).. not sure what to make of it. I'm asking myself: Which direction would traders be most scared to be over the weekend? On the "short side" the fear is that Baghdad would collapse and the US would win the war - this would undoubtably cause a spike of about 20 points (which would then create a pretty good shorting opportunity I figure since most of the 'victory' has been priced in) On the "long side" is the fear that Saddam stilll has something up his sleeve and might actually use a WMD.. also, economic news lately (PSFT, etc) hasn't exactly been the greatest.. It's tough to make an argument on both sides..