Re: cash ,,,,

["Earl Adamy" <eadamy@xxxxxxxxxx>]

Does the tail wag the dog?

Earl

-----Original Message-----
From: Clint Chastain <flag@xxxxxxxxxxxx>
To: Allan Havemose <havemose@xxxxxxxxxxxxx>; Omega-List
<omega-list@xxxxxxxxxx>
Date: Friday, January 29, 1999 11:57 AM
Subject: Re: cash ,,,,


>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
>>
>>
>