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>>> You know, I never have a position into the SP close unless I have already
>decided I am keeping it overnight. Trading on the close, unless I am taking
>profits, is like running across the track at the Indy 500 to try to pick up a
>dime...So honestly, I don't know how delayed the ticks are for the last 5
>minutes. My phone clerks are usually so frazzled by then, I don't call them
>until checkout...hopefully they've had a beer or three by then... <<<
I always closely examine the SP open and close for clues as to what the
locals intend for the day. Since I only trade the S&P's, I'm pretty rested
throughout the day. If I think I can get a 100 to 200 pt pop on the open or
close, I'll take the trade. As I only deal direct with the floor, usually
I'll trade off the squawk and not off the data feed for opens or closes. I
don't do it everyday, but only when I feel I've got the edge. I almost
never carry a position overnight. If I want to reopen a trade, there's
always Globex. I like the open and close because liquidty is highest
during these times and I seem to get good fills. Different strokes, I
guess...
-Tony Haas
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