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

To: RockyBalboa who wrote (323)	4/11/2003 8:45:46 AM
From: Londo	Read Replies (1) \| Respond to of 666

I did something right, but I also learned a trading lesson today. What I did right: When you're anticipating a strong market reaction from a report that you think the market hasn't correctly priced in (in this case, TBonds at 111 9/32 at 8:29am EST), place a stop just below if you're anticipating a good retail sales report (in this case, stopped at 111 6/32). I preserved quite a bit of capital from my initiating trades in this case. What I did wrong: I didn't take a position in the opposite direction while getting stopped out. There was half a point more in the other direction. Anyway, I'm flat now. No positions. Stopped out of Euro, S&P and TBond trades. Have a good weekend. Conclusion for this week: I had a LOT of profit on the table earlier this week, but I didn't take them quickly enough, and I surrendered more than half of my profit. I'm still up a good deal for the week, but not nearly as much as had I placed proper exits. I'm disappointed at myself, and will try to improve my exits in the future. My entries seem to be decent.

To: RockyBalboa who wrote (323)	4/11/2003 8:57:14 AM
From: Londo	Respond to of 666

Hang Seng: Punch these tickers in a portfolio in Yahoo quotes... this is the entire Hang Seng Index. ^HSI 0001.HK 0002.HK 0003.HK 0004.HK 0005.HK 0006.HK 0008.HK 0011.HK 0012.HK 0013.HK 0016.HK 0017.HK 0019.HK 0020.HK 0023.HK 0066.HK 0083.HK 0097.HK 0101.HK 0179.HK 0267.HK 0291.HK 0293.HK 0330.HK 0363.HK 0494.HK 0511.HK 0762.HK 0883.HK 0941.HK 0992.HK 1038.HK 2388.HK Note about 40% of the index is HSBC (NYSE: HBC), Bank of China Hong Kong, and China Mobile (NYSE: CHL). It helps to display market capitalization of these tickers at the same time. Thankfully the language of business in Hong Kong is English so 'fundamental research' can be done on core components of the index. Specifically, if you're going to predict the collapse of HSBC, I'd start shorting those Hang Seng futures. Think credit risk.