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Neal,
Not quite sure what your reply has to do with Robert's question on EL, but I
get the impression that you feel that there is only one way to trade the S&P.
Your interview with the guy who trains traders to take a position, then
attempt to sell it immediately at a one or two tick profit or else dump it
at a wash was interesting-- and I don't doubt that it works for someone in
the pit who has the access and stomach for that type of trading, but it's
not the only way to trade.
You seem to ignore the possibility that a good technical analyst/trader
could swing trade the S&P off the floor using a computer and good analysis
software. For this type of trading, you don't need access to the pit and
you don't need to dump a position just because it hasn't given you a profit
in 20 seconds.
_____________________________________
At 11:07 PM 7/28/98 -0700, you wrote:
>How important is execution of your order?
>Well if you are trading S&P"s off the floor, you must call directly to the
>pit and have a member give you the bid-offer. That same member should fill
>your order. That may help day trading in volatilemarkets.
>-----Original Message-----
>
>Subject: Re: El ?
>
>>>
>>>Robert,
>>>
>>>If you're trying to plot a relationship between DJ & S&P Futures, you
>first
>>>need to define the relationship that you want to gauge. You could use a
>>>proportion like:
>>>
>>>Vars: MyRatio(0), MyScale(100);
>>>
>>>If Close of Data2 > 0 then MyRatio = (Close of Data1 / Close of Data2) *
>>>MyScale;
>>>
>>>You could adjust the "MyScale" factor to something that makes sense and
>plot
>>>"MyRatio" in a window that has +100 and -100 threshold lines.
>>>
>>>_____________________________________
>>>Gosh Thanks Ron thats what I was looking for.
>>
>>Rober
>>
>
>
>
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