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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (66414)	10/3/2003 11:27:28 AM
From: Real Man	Respond to of 94695

It's OOM puts - automatic stops. The leverage is huge, and you don't lose much if you lose. But it's about 30% of trading account (which is about 5% of total investment anyway), so no huge risks here. The notionals are about 2-3X of everything. So, I'm getting 300% short at a small price -g-

To: Trumptown who wrote (66414)	10/3/2003 11:31:47 AM
From: Real Man	Respond to of 94695

Stocks peaked (mid-June) and bottomed (August, 12) together with bonds, they are not decoupled. I expect that the correction in bonds fall is over, and we are going down in Wave C rapidly above 4.5% on 10-year. Ultimately to 8%. Stocks, bonds, and dollar will go down. After some fight near 92, the dollar will start falling off the cliff. Right now the dollar is very oversold, and if it declines below 92, that would be a "tail" for derivatives models, which would cause a rapid sale of long positions. BWDIK?