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Greetings;
This may be a "newbie" type question, but I'll toss it out anyway (the
only dumb question is the one left unasked, right?)
Last night (actually early Tuesday morning), I was crusing our mailing
list when I came across the overnight messages taking note of the fact
that overnight S&P trading was up some 20+ points in Globex trading. I
checked the CME page and sure enough, the S&P was already popping right
up.
My question is this: Is there any solid correlation between the
overnight S&P numbers and "regular" market moves during the next trading
session in New York? I'm sure somebody has some a study on that and
other inter-market indicators.
Somebody (not me, dammit) made a few good $$$ going long on the S&P
overnight and then continuing right through the Tuesday sesson!
Thanks for any info, comment, etc.
Bill Sklodowski
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