In this paper, a word alignment approach is presented which is based on a combination of clues. Word alignment clues indicate associations between words and phrases. They can be based on features such as frequency, part-of-speech, phrase type, and the actual wordform strings. Clues can be found by calculating similarity measures or learned from word aligned data. The clue alignment approach, which is proposed in this paper, makes it possible to combine association clues taking different kinds of linguistic information into account. It allows a dynamic tokenization into token units of varying size. The approach has been applied to an English/Swedish parallel text with promising results.