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Is this another "Wage the Dog" spin???????
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: Omega-List <omega-list@xxxxxxxxxx>
Date: Friday, January 29, 1999 16:01
Subject: Re: cash ,,,,
>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
>>>
>>>
>>
>
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