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

To: RockyBalboa who wrote (363)	4/22/2003 11:55:13 AM
From: Londo	Respond to of 666

I was originally (incorrectly) thinking that the expiration dates for the GE contracts were under the same terms as the Fed Funds Futures (ZQ, untradable on IB for whatever reason) where they expire at the end of the month. Thanks!

To: RockyBalboa who wrote (363)	4/22/2003 2:33:57 PM
From: Londo	Read Replies (1) \| Respond to of 666

Once again, I'm faced with the pleasant situation of how to suck the most amount of profit out of my existing future positions. My exits have typically been horrible, but I will try not to relegate myself to the same fate this time around. I'm going to scale out of my S&P longs at 911, 916, 921 and place a trailing stop on remaining positions of 10 points once 911 is reached, 5 points when 916 is reached, and nothing when 921 is reached. Depending on how things go, I might scale in a short position at a higher S&P (926, 936, etc) depending on circumstances. For the T-Bond shorts, I will cover my positions at 111 8/32, 111 and 110 24/32, with trailing stops of 1/2 when the 111 8/32 is reached, 1/4 when 111 is reached, and my positions will be closed with the 110 24/32. In fact, I just might go long them at that price and go long the Euro at the same time. There's enough volatility so that the stops or targets will be hit, although I'll probably be re-entering a short position going into Greenspan - he won't drop rates further. The problem would be the anticorrelation between the ES and ZB futures. My Hang Seng futures position still remains with a 300 point profit goal, although I'll place a stop 20 points above my long entry to ensure pizza money profit. I hear hotels in Hong Kong are awfully cheap right now. Maybe I should take a trip there and visit the HKFE.