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

To: RockyBalboa who wrote (404)	4/28/2003 12:17:28 PM
From: Londo	Respond to of 666

No trades today on my part. Fortunately (or unfortunately, whichever way you want to see it!), my weekend was very nice and I never got a chance to adequately study the marektplace. However, I would be very concerned if I was on the long side. Things look and feel to be the top of yet another bear market rally.

To: RockyBalboa who wrote (404)	4/28/2003 12:52:57 PM
From: Londo	Read Replies (1) \| Respond to of 666

I think we have an 80% chance of hitting 924, a 50% chance of hitting 930, and 20% chance of hitting 936 over this week. I'd honestly want to be short by month's end.

To: RockyBalboa who wrote (404)	4/28/2003 10:06:55 PM
From: Londo	Read Replies (1) \| Respond to of 666

Looks like your trade is going positively. I suspect that tomorrow's trading (Tuesday) will be significantly up. But this should be the dying gasp in a bear market rally. The Hang Seng is up 140 points right now on the S&P reaction, and what's interesting is that at the beginning of their trading session, there were trades going by with obvious 30 point spreads (e.g. 8565 and the next trade being 8535).. doesn't anybody know not to use market orders at the beginning of trading? I guess it must have triggered a bunch of buy-stops or something. (i.e. shorts getting squeezed on the Hang Seng) The Euro's probably good down to 1.08 as people think that a high stock market means that there's room to potentially increase interest rates down the line. (not going to happen, but it's tradable). It just might be a repeat of the Euro's crash in mid-March..