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Continuous contract



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Why would anyone want to construct a perpetual contract? The real
world isn't like nor is there anything like a perpetual contract 
(except, of course, a chart, of say, the S&P cash or the Dow 30).

This isn't meant to be a smartass question...but I always note folks
start talking about perpetual contracts at rollover time, and I can't
figure out why or how a chart like this could have any importance.

Jim