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Jack,
CUBS being down is the only truly reliable indicator/system that a move of
substance is on the way, the code runs something like this:
If {Public} marketposition= -1 then {pull out the plugs and} buy at market;
If {Public} marketposition=+1 then {pull out the plugs and} sell at market;
{Remember to hit all stops, report late fills, only take mkt orders}
-----Original Message-----
From: Jack Harper <jackh@xxxxxxxxxxxxxx>
To: he96@xxxxxxxxxxxxxx <he96@xxxxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: 17 August 1998 18:08
Subject: Re: CUBS down
>I could be wrong, but as I look back over the days that the CUBS has gone
down,
>it seems to me that it always happens on the days that the market sees it's
>biggest moves and/or when trading is fast and furious. This robs the desk
>trader of opportunity and makes him/her extremely vulnerable to unbearable
>slippage.
>
>This system is a joke, and the exchange seat owners/directors should be
ashamed
>of themselves. Pitiful. The system is ill conceived, poorly designed,
badly
>administered, and should be scrapped.
>
>Jack
>
>hans esser wrote:
>
>> >
>> > The CME has reported that the CUBS station in the S&P 500 pit has been
>> > taken off line and is down for the day. THIS ONLY IMPACTS S&P ORDERS.
It
>> > does not impact DJ futures, E-Minis, or any other contract.
>>
>> Can someone explain me whats going on there ?
>>
>> rgds hans
>
>
>
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