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In a message dated 7/11/99 10:15:21 AM Pacific Daylight Time,
OatTrader@xxxxxxx writes:
> I still believe that the futures actually leads the stock market or at
> least it turns around faster that the overall market and I rather do my
> testing on the real thing.
> Jim
Yes. It is faster to buy the SPU than it is to buy each stock in the basket.
That is one reason why the S&P futures' gaps are smoothed out (or don't
exist) on the SPX. The open in the SPX may even reflect individual stock
prices that have not yet traded that day.
BW
SmartTrades.com
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