The phase diagram of a Hamiltonian with both on-site repulsion between
electrons and with hopping probabilities which depend on dynamically
varying separations of neighboring lattice sites has been studied with
a new variational ansatz. A rich phase diagram is obtained as a funct
ion of density, electron-electron, and electron-phonon interaction str
engths. The superconducting regime is characterized by a pattern of sh
ort and long bonds correlated with resonating pair hopping, whereas fo
r the charge density wave phase this pattern is nearly static, and in
the disordered and antiferromagnetic regimes all bond lengths are prac
tically the same.