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THE WINDY CITY TRADER
P.O. Box 1673, Chicago, Illinois
800-443-2360(March 19, 2002) FINANCIAL INSTRUMENTS: Interest rates will definitely not be going lower. Therefore use a run to 100.00 to sell June 30-year bonds and a correction to 103.12 to sell June 10-year notes. The only buying for these two will be the shorts covering their position. Likewise for the Eurodollars. Sell September and December Eurodollars at any price. These are short and hold markets and this trade is a no brainer. As easy as it was to make money buying stocks in 1998-99 and 2000, that is how easy it looks to be to make money selling short Eurodollars this year. You know how stocks were. There was no thinking involved. If it said dot.com in front of it, just buy. If you weren't making money today, the odds are that you would tomorrow. The same goes for Eurodollars on the downside. After shorting them, if you aren't making money today, odds are good you will be tomorrow. A sell of September near 9680 or December near 9610 looks exceptional. If you wish to use a stop, a 25-30 point stop loss should leave plenty of room for a correction.
William Frejlich
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