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

To: Londo who wrote (408)	4/29/2003 1:45:26 AM
From: Londo	Read Replies (1) \| Respond to of 666

Orders for bedtime: 1. Short EUR 1.1005, stop 1.1048. 2. Short ZB 113 16/32, stop 114. 3. Long S&P 911, stop 906, planned exit ~925-935 (variable) I think we'll be getting more of a movement out of bonds than the S&P tomorrow. I suspect that Monday's trading was a reversal day from an upward trend to a downward trend, but this probably more like asset allocation than anything else. The Euro trade is playing a flushing of the existing longs (and the cover point will be ~1.0850 before going long again!) The Hang Seng is up 268 after the morning trading session. That's what I call a pretty heavy SARS-short squeeze. We'll probably see another 200 points before going short is safe again (i.e. shorts have been squeezed, and the business realities of people not going out of their homes starts kicks into business profitability).