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Once upon a time, all of the markets were only open several hours a day. That
was then. This is now.
We all must learn to adjust and wishing that there were no night sessions is a
waste of your valuable time and distracting to your successful trading.
Regards,
Manning Stoller
Globex2 wrote:
> For those of you who nighttrade the S&P have you ever thought what the night
> session might be like without a day S&P contract? How do you feel when
> during the day 120-130% of your daily trading range just disappears?
>
> Can anyone justify a 2500 point move on volume of greater than 300
> contracts -?
> wouldn't the night session be more transparent without the day session?
>
> Wouldn't you feel more willing to hold positions o/day?
>
> How can the CME justify the futures on the S&P being open when the cash is
> open? Currencies, interest rates no but equities yes?
>
> I believe that the Globex session for the S&P puts the private trader at a
> distinct advantage - what do you think?
>
> (apologies to those who only trade the large gaps!)
>
> :)
>
> -----Original Message-----
> From: MICHAEL STEWART <MPST@xxxxxxxxxxxxx>
> To: Omega <omega-list@xxxxxxxxxx>
> Date: Monday, June 29, 1998 1:49 PM
> Subject: Globex S&P
>
> >
> >For those of you who daytrade the S&P have you ever thought what the day
> >session might be like without a Globex S&P contract? How do you feel
> when
> >overnight 20-30% of your weekly trading range just disappears?
> >
> >Can anyone justify a 2500 point move on volume of less than 300 contracts -
> >wouldn't the day session be more transparent without Globex?
> >
> >Wouldn't you feel more willing to hold positions o/night?
> >
> >How can the CME justify the futures on the S&P being open when the cash is
> >closed? Currencies, interest rates yes but equities no?
> >
> >I believe that the Globex session for the S&P puts the private trader at a
> >distinct disadvantage - what do you think?
> >
> >(apologies to those who only trade gaps!)
> >
> >
> >
> >
> >
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