Re: cash ,,,,

[Clint Chastain <flag@xxxxxxxxxxxx>]

So, is there a building consensus then that the SP futures do in fact lead
the cash SPX?

Clint

-----Original Message-----
From: Allan Havemose <havemose@xxxxxxxxxxxxx>
To: Omega-List <omega-list@xxxxxxxxxx>
Date: Friday, January 29, 1999 9:24 AM
Subject: Re: cash ,,,,


>In my experience, the most significant "feature" of SPX is that it is not
>manipulated by the locals at the CME. I have found it worth the minute of
>two it takes to confirm an SP move with an SPX move.
>
>Allan
>
>Neal Chabot wrote:
>
>> Not true.  I watch both the cash (SPX) and the futures every minute
>> of every day,
>> and they are usually within seconds of each other.
>> There are days when the cash actually leads the futures.
>> You need to look at the variations in the premium to understand this
>> fully.
>> Perhaps your data feed is not reporting the spx every few seconds?
>> Neal
>>
>> ----------
>> > From: Gary Fritz <fritz@xxxxxxxx>
>> > I don't understand how you can use the cash index (SPX for S&P) to
>> > help you learn the opponent's moves ahead of time.  Moves in the SP
>>
>> > futures consistently LEAD the SPX by a minute or two.  The pit
>> knows
>> > what's going on before it works its way into the SPX.
>
>--
>Allan Havemose, Ph.D.
>email:havemose@xxxxxxxxxxxxx
>email:havemose@xxxxxxxxx
>web : http://www.netcom.com/~havemose/allan.html
>
>